Earnings Per Share

6 Months Ended

Jun. 13, 2017

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 June 13, 2017 excludes 55,064 shares of restricted stock, and options to purchase 484,690 shares of common stock, which were outstanding during the period, but were antidilutive. Diluted EPS for the 24 weeks ended June 13, 2017 excludes 116,796 shares of restricted stock and options to purchase 523,449 shares of common stock, which were outstanding during the period, but were antidilutive. Diluted EPS for the 12 weeks ended June 14, 2016 excludes 189,054 shares of restricted stock and options to purchase 634,177 shares of common stock, which were outstanding during the period but were antidilutive. Diluted EPS for the 24 weeks ended June 14, 2016 excludes 130,729 shares of restricted stock and options to purchase 643,923 shares of common stock, which were outstanding during the period but were antidilutive. The following table details our basic and diluted earnings per common share calculation (dollars in thousands, except per share data):

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	12 Weeks Ended				24 Weeks Ended
	June 13, 2017		June 14, 2016		June 13, 2017		June 14, 2016
Net income	$	2,090	$	4,444	$	5,400	$	9,855
Shares:
Weighted average number of common shares outstanding	21,722,126		23,349,718		22,390,745		23,332,397
Dilutive shares	338,801		87,265		329,146		86,338
Total Diluted Shares	22,060,927		23,436,983		22,719,891		23,418,735

Basic earnings per common share	$	0.10	$	0.19	$	0.24	$	0.42
Diluted earnings per common share	$	0.09	$	0.19	$	0.24	$	0.42