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. Antidilutive warrants, restricted stock and common stock options were excluded from the computation of diluted net loss per share due to the Company incurring net losses for the periods presented for fiscal year 2019. In periods of a net loss, no potential common shares are included in diluted shares outstanding as the effect is anti-dilutive. During the twelve and thirty-six weeks ended September 10, 2019, the Company had a loss per share, and therefore potentially dilutive shares were excluded from the calculation.

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



	12 Weeks Ended					36 Weeks Ended
	September 10, 2019			September 11, 2018		September 10, 2019			September 11, 2018
Numerator:
Net (loss) income	$	(7,669	)	$	5,874	$	(4,152	)	$	13,313
Denominator:
Weighted-average shares outstanding - basic	37,023,287			38,191,335		37,000,331			38,310,842
Dilutive effect of unvested restricted stock	—			309,973		—			333,815
Dilutive effect of stock options	—			43,829		—			24,697
Dilutive effect of warrants	—			846,147		—			439,219
Weighted-average shares outstanding - diluted	37,023,287			39,391,284		37,000,331			39,108,573
Net (loss) income per share - basic	$	(0.21	)	$	0.15	$	(0.11	)	$	0.35
Net (loss) income per share - diluted	$	(0.21	)	$	0.15	$	(0.11	)	$	0.34
Antidilutive stock options, unvested restricted stock awards and warrants excluded from the computations	897,881			664,760		4,587,387			307,718