Earnings per Share

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 per share for the periods indicated (amounts in thousands except share and per share data):



	12 Weeks Ended				24 Weeks Ended
	June 20, 2017		June 14, 2016		June 20, 2017		June 14, 2016
Numerator:
Net income	$	5,330	$	4,864	$	9,568	$	7,925
Denominator:
Weighted-average shares outstanding - basic	38,535,855		38,292,215		38,769,895		38,545,115
Dilutive effect of unvested restricted stock	492,065		150,089		476,284		127,310
Dilutive effect of stock options	23,550		—		23,226		—
Dilutive effect of warrants	757,015		—		825,071		—
Weighted-average shares outstanding - diluted	39,808,485		38,442,304		40,094,476		38,672,425
Net income per share - basic	0.14		$	0.13	0.25		$	0.21
Net income per share - diluted	0.13		$	0.13	0.24		$	0.20
Antidilutive stock options, unvested restricted stock awards and warrants excluded from the computations	36,500		12,720,918		36,500		12,800,021

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.