v2.4.0.8
Net Income Per Share
6 Months Ended
Jun. 29, 2014
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income Per Share
Basic net income per share is based on the weighted average number of common shares outstanding. Diluted net income per share is based on the weighted average number of common shares and common share equivalents outstanding. Common share equivalents included in the computation represent shares issuable upon assumed exercise of outstanding stock options and conversion of unvested RSUs, except when the effect of their inclusion would be antidilutive.
The following tables set forth the computation of basic and diluted net income per share (in thousands, except per share data):

 
Quarter ended
 
Year to date ended
 
June 29,
2014
 
June 30,
2013
 
June 29,
2014
 
June 30,
2013
Net income
$
2,171

 
$
2,206

 
$
3,250

 
$
3,038

Weighted average common shares outstanding
12,099

 
12,411

 
12,450

 
12,447

Basic net income per share
$
0.18

 
$
0.18

 
$
0.26

 
$
0.24

Dilutive effect of stock options and RSUs
40

 
217

 
82

 
213

Common stock and common stock equivalents
12,139

 
12,628

 
12,532

 
12,660

Diluted net income per share
$
0.18

 
$
0.17

 
$
0.26

 
$
0.24


For the quarter and year to date ended June 29, 2014, the Company excluded 1,080,994 and 993,930 stock option shares, respectively, from the computation of diluted net income per share due to their antidilutive effect. For the quarter and year to date ended June 30, 2013, the Company excluded 1,326,354 and 1,318,027 stock option shares, respectively, from the computation of diluted net income per share due to their antidilutive effect.