Net Income Per Share of Common Stock

Net income per share is computed using the two-class method, by dividing net income attributable to us by the weighted-average number of shares of our outstanding common stock and participating securities outstanding. Our restricted shares contain rights to receive non-forfeitable dividends and therefore are considered to be participating securities and included in the calculations of net income per basic and diluted common share. Undistributed losses are not allocated to unvested restricted shares as the unvested restricted shares are not contractually obligated to share our losses. The impact on earnings per share of the participating securities under the two-class method is immaterial.

The following table presents the computation of basic and diluted net income per share attributable to our common stockholders:



	Three Months Ended				Six Months Ended
(In thousands, except per share amounts)	December 29, 2017		December 30, 2016		December 29, 2017		December 30, 2016
Numerator:
Net income attributable to Aviat Networks	$	5,071	$	1,678	$	4,414	$	1,049

Denominator:
Weighted average shares outstanding, basic	5,329		5,284		5,323		5,273
Effect of potentially dilutive equivalent shares	295		116		293		55
Weighted average shares outstanding, diluted	5,624		5,400		5,616		5,328

Net income per share of common stock outstanding:
Basic	$	0.95	$	0.32	$	0.83	$	0.20
Diluted	$	0.90	$	0.31	$	0.79	$	0.20

The following table summarizes the weighted-average equity awards that were excluded from the diluted net income per share calculations:



	Three Months Ended		Six Months Ended
(In thousands)	December 29, 2017	December 30, 2016	December 29, 2017	December 30, 2016
Stock options	357	427	341	435
Restricted stock units and performance stock units	—	6	—	8
Total potential shares of common stock excluded	357	433	341	443