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NET INCOME PER SHARE
 3 Months Ended
Mar. 30, 2012
NET INCOME PER SHARE
NOTE 10:
NET INCOME PER SHARE

Adjusted net income and diluted common shares were calculated as follows (in millions, except per share amounts):
 
Thirteen weeks ended
 
March 30,
2012
 
April 1,
2011
   Net income
$
1.5

 
$
0.8

 
 
 
 
Weighted average number of common shares used in basic net income per common share
39.4

 
43.5

Dilutive effect of outstanding stock options and non-vested restricted stock
0.5

 
0.4

Weighted average number of common shares used in diluted net income per common share
39.9

 
43.9

   Net income per common share:
 
 
 
Basic
$
0.04

 
$
0.02

Diluted
$
0.04

 
$
0.02

 
 
 
 
Anti-dilutive stock options and other
0.7

 
0.7


Basic net income per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per share is calculated by dividing net income by the weighted average number of common shares and potential common shares outstanding during the period. Potential common shares include the dilutive effects of outstanding options, non-vested restricted stock and performance share units except where their inclusion would be anti-dilutive.

Anti-dilutive shares associated with our stock options relate to those stock options with an exercise price higher than the average market value of our stock during the periods presented. Anti-dilutive shares also include in-the-money options, unvested restricted stock and performance share units for which the sum of the assumed proceeds, including unrecognized compensation expense, exceeds the average stock price during the periods presented.