(Loss) Earnings Per Share

6 Months Ended

Jun. 16, 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						24 Weeks Ended
	June 16, 2020		June 18, 2019		June 16, 2020		June 18, 2019
Numerator:
Net (loss) income	$	(576)	$	2,092	$	(103,044)	$	3,517
Denominator:
Weighted-average shares outstanding - basic	37,086,962		36,821,728		37,081,511		36,988,853
Dilutive effect of unvested restricted stock	—		254,317		—		221,626
Dilutive effect of stock options	—		7,754		—		4,580
Dilutive effect of warrants	—		—		—		—
Weighted-average shares outstanding - diluted	37,086,962		37,083,799		37,081,511		37,215,059
Net (loss) income per share - basic	$	(0.02)	$	0.06	$	(2.78)	$	0.10
Net (loss) income per share - diluted	$	(0.02)	$	0.06	$	(2.78)	$	0.09
Antidilutive stock options, unvested restricted stock awards and warrants excluded from the computations	6,618,810		5,865,601		6,612,770		6,205,932