Earnings per Share

3 Months Ended

Mar. 26, 2019

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 diluted 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
	March 26, 2019		March 27, 2018
Numerator:
Net income	$	1,425	$	3,229
Denominator:
Weighted-average shares outstanding - basic	37,155,978		38,441,707
Dilutive effect of unvested restricted stock	188,934		306,583
Dilutive effect of stock options	1,407		21,454
Dilutive effect of warrants	—		454,326
Weighted-average shares outstanding - diluted	37,346,319		39,224,070
Net income per share - basic	$	0.04	$	0.08
Net income per share - diluted	$	0.04	$	0.08
Antidilutive stock options, unvested restricted stock awards and warrants excluded from the computations	6,546,264		128,048