Earnings per Share

3 Months Ended

Mar. 28, 2017

Basic income per share is calculated by dividing net income attributable to Del Taco’s common shareholders for the period by the weighted average number of common shares outstanding for the period. In computing dilutive income per share, basic income 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):



	12 Weeks Ended
	March 28, 2017		March 22, 2016
Numerator:
Net income	$	4,238	$	3,061
Denominator:
Weighted-average shares outstanding - basic	39,003,935		38,798,014
Dilutive effect of unvested restricted stock	454,810		287
Dilutive effect of stock options	23,190		—
Dilutive effect of warrants	893,126		—
Weighted-average shares outstanding - diluted	40,375,061		38,798,301
Net income per share - basic	$	0.11	$	0.08
Net income per share - diluted	$	0.10	$	0.08
Antidilutive stock options, unvested restricted stock awards and warrants excluded from the computations	36,500		1,924,162

Antidilutive stock options, unvested restricted stock and warrants were excluded from the computation of diluted net 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.