v2.4.0.8
Net Income Per Share
9 Months Ended
Sep. 28, 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
 
September 28,
2014
 
September 29,
2013
 
September 28,
2014
 
September 29,
2013
Net income
$
1,650

 
$
2,906

 
$
4,900

 
$
5,944

Weighted average common shares outstanding
11,844

 
12,431

 
12,248

 
12,441

Basic net income per share
$
0.14

 
$
0.23

 
$
0.40

 
$
0.48

Dilutive effect of stock options and RSUs
21

 
256

 
64

 
229

Common stock and common stock equivalents
11,865

 
12,687

 
12,312

 
12,670

Diluted net income per share
$
0.14

 
$
0.23

 
$
0.40

 
$
0.47


For the quarter and year to date ended September 28, 2014, the Company excluded 1,133,355 and 1,057,421 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 September 29, 2013, the Company excluded 1,183,186 and 1,259,122 stock option shares, respectively, from the computation of diluted net income per share due to their antidilutive effect.