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 and common stock options.

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 18, 2019		June 19, 2018		June 18, 2019		June 19, 2018
Numerator:
Net income	$	2,092	$	4,210	$	3,517	$	7,439
Denominator:
Weighted-average shares outstanding - basic	36,821,728		38,299,483		36,988,853		38,370,595
Dilutive effect of unvested restricted stock	254,317		321,331		221,626		318,329
Dilutive effect of stock options	7,754		5,875		4,580		13,427
Dilutive effect of warrants	—		17,184		—		235,755
Weighted-average shares outstanding - diluted	37,083,799		38,643,873		37,215,059		38,938,106
Net income per share - basic	$	0.06	$	0.11	$	0.10	$	0.19
Net income per share - diluted	$	0.06	$	0.11	$	0.09	$	0.19
Antidilutive stock options, unvested restricted stock awards and warrants excluded from the computations	5,865,601		143,226		6,205,932		125,577