Earnings Per Share

3 Months Ended

Mar. 25, 2014

Earnings Per Share [Abstract]

Earnings Per Share

3. EARNINGS PER SHARE

Basic earnings per share (“EPS”) data is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS data is computed based on the weighted average number of shares of common stock outstanding, including all potentially issuable shares of common stock. Diluted EPS for the 12 weeks ended March 25, 2014 excludes options to purchase 692,523shares of common stock, which were outstanding during the periods, but were antidilutive. Diluted EPS for the 12 weeks ended March 19, 2013, excludes options to purchase 796,000 shares, which were outstanding during the period but were anti-dilutive.

(dollars in thousands, except share and per share data)

	12 Weeks Ended
	March 25,		March 19,
	2014		2013
Net income	$	4,522	$	3,569
Shares:
Weighted average number of common shares outstanding		23,627,386		23,794,667
Dilutive shares		228,428		—
Total Diluted Shares		23,855,814		23,794,667
Basic income per common share	$	0.19	$	0.15
Diluted income per common share	$	0.19	$	0.15