Earnings per Share

Basic income per share is calculated by dividing net income attributable to Del Taco’s common shareholders 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):



	52 Weeks Ended			52 Weeks Ended		52 Weeks Ended
	December 31, 2019			January 1, 2019		January 2, 2018
Numerator:
Net (loss) income	$	(118,285	)	$	18,959	$	49,871
Denominator:
Weighted-average shares outstanding - basic	37,018,445			38,106,057		38,689,508
Dilutive effect of restricted shares	—			256,217		417,371
Dilutive effect of stock options	—			17,611		28,931
Dilutive effect of warrants	—			304,074		814,097
Weighted-average shares outstanding - diluted	37,018,445			38,683,959		39,949,907
Net (loss) income per share - basic	$	(3.20	)	$	0.50	$	1.29
Net (loss) income per share - diluted	$	(3.20	)	$	0.49	$	1.25
Antidilutive options, unvested restricted stock awards, and warrants excluded from the computations	6,661,450			686,278		69,722

Antidilutive stock options and unvested restricted stock 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. The Company reported a net loss for the fifty-two weeks ended December 31, 2019 and, accordingly, all outstanding stock options and unvested restricted stock were excluded from the calculation of diluted earnings per share because their effect would be antidilutive.