Earnings Per Share

3 Months Ended

Mar. 21, 2017


2.	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 periods. 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 21, 2017 excludes 29,071 shares of restricted stock, and options to purchase 568,457 shares of common stock, which were outstanding during the period, but were antidilutive. Diluted EPS for the 12 weeks ended March 22, 2016 excludes 71,448 shares of restricted stock and options to purchase 653,668 shares of common stock, which were outstanding during the period but were antidilutive. The following table details the Company’s basic and diluted earnings per common share calculation (dollars in thousands, except per share data):



	12 Weeks Ended
	March 21,		March 22,
	2017		2016
Net income	$	3,310	$	5,411
Shares:
Weighted average number of common shares outstanding		23,059,363		23,315,077
Dilutive shares		217,179		83,038
Total Diluted Shares		23,276,542		23,398,115

Basic earnings per common share	$	0.14	$	0.23
Diluted earnings per common share	$	0.14	$	0.23