Net Income Per Common Share

3 Months Ended

Apr. 01, 2016

Net Income Per Common Share [Abstract]

2. Net Income per Common Share

Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period. With regard to common stock subject to vesting requirements and restricted stock units issued to the Company’s employees and non-employee members of its Board of Directors, the calculation includes only the vested portion of such stock and units.

Dilutive net income per common share is computed by dividing net income by the weighted average number of common shares outstanding, increased by the assumed conversion of other potentially dilutive securities during the period.

The following table reconciles basic and dilutive weighted average common shares:



	Quarter Ended
	April 1,	April 3,
	2016	2015

Basic weighted average common shares outstanding	29,889,761	28,551,665

Effect of dilutive securities:
Unvested restricted stock units and common stock subject to
vesting requirements issued to employees and non-employees	1,196,529	847,951
Common stock issuable upon the exercise of stock options and SARs	2,266,897	517,700
Dilutive weighted average common shares outstanding	33,353,188	29,917,316

Approximately 0.9 million and 0.6 million shares of common stock equivalents were excluded from the computations of diluted net income per common share for the quarters ended April 1, 2016 and April 3, 2015, respectively, as their inclusion would have had an anti-dilutive effect on diluted net income per common share.