(Loss) Earnings Per Share

3 Months Ended

Mar. 24, 2020

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
	March 24, 2020		March 26, 2019
Numerator:
Net (loss) income	$	(102,468)	$	1,425
Denominator:
Weighted-average shares outstanding - basic	37,075,994		37,155,978
Dilutive effect of unvested restricted stock	—		188,934
Dilutive effect of stock options	—		1,407
Dilutive effect of warrants	—		—
Weighted-average shares outstanding - diluted	37,075,994		37,346,319
Net (loss) income per share - basic	$	(2.76)	$	0.04
Net (loss) income per share - diluted	$	(2.76)	$	0.04
Antidilutive stock options, unvested restricted stock awards and warrants excluded from the computations	6,612,980		6,546,264