(Loss) Earnings Per Share

8 Months Ended

Sep. 08, 2020

Earnings Per Share [Abstract]

(Loss) Earnings Per Share

Earnings (Loss) 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 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				36 Weeks Ended
	September 8, 2020		September 10, 2019		September 8, 2020		September 10, 2019
Numerator:
Net income (loss)	$	5,797	$	(7,669)	$	(97,247)	$	(4,152)
Denominator:
Weighted-average shares outstanding - basic	37,293,390		37,023,287		37,152,419		37,000,331
Dilutive effect of unvested restricted stock	126,653		—		—		—
Dilutive effect of stock options	—		—		—		—
Dilutive effect of warrants	—		—		—		—
Weighted-average shares outstanding - diluted	37,420,043		37,023,287		37,152,419		37,000,331
Net income (loss) per share - basic	$	0.16	$	(0.21)	$	(2.62)	$	(0.11)
Net income (loss) per share - diluted	$	0.15	$	(0.21)	$	(2.62)	$	(0.11)
Antidilutive stock options, unvested restricted stock awards and warrants excluded from the computations	1,929,726		897,881		5,137,453		4,587,387