Earnings per Share

12 Months Ended

Jan. 03, 2017

Basic income (loss) per share is calculated by dividing net income (loss) attributable to Del Taco’s common shareholders for the Successor period and DTH’s common shareholders for the Predecessor period by the weighted average number of common shares outstanding for the period. In computing dilutive income (loss) per share, basic income (loss) per share is adjusted for the assumed issuance of all applicable potentially dilutive share-based awards, including warrants, restricted stock, common stock options and restricted stock units.

Below are basic and diluted net income (loss) per share for the periods indicated (amounts in thousands except share and per share data):



	Successor				Predecessor
	53 Weeks Ended		26 Weeks Ended		26 Weeks Ended		52 Weeks Ended
	January 3, 2017		December 29, 2015		June 30, 2015		December 30, 2014
Numerator:
Net income (loss)	$	20,913	$	2,653	$	2,104	$	(9,255	)
Denominator:
Weighted-average shares outstanding - basic	38,725,541		38,802,425		5,492,417		3,907,835
Dilutive effect of restricted shares and RSUs	263,003		744		13,972		—
Dilutive effect of stock options	—		—		93,634		—
Dilutive effect of warrants	286,105		1,446,824		10,836		—
Weighted-average shares outstanding - diluted	39,274,649		40,249,993		5,610,859		3,907,835
Net income (loss) per share - basic	$	0.54	$	0.07	$	0.38	$	(2.37	)
Net income (loss) per share - diluted	$	0.53	$	0.07	$	0.37	$	(2.37	)
Antidilutive options, unvested restricted stock awards, unvested RSUs and warrants excluded from the computations	8,343,842		5,365		—		28,831

Antidilutive stock options and unvested stock were excluded from the computation of diluted net (loss) income per share due to the assumed proceeds from the award’s exercise or vesting being greater than the average market price of the common shares or due to the Company incurring net losses for certain periods presented.