Net Income (Loss) Per Share

3 Months Ended

Mar. 27, 2019

NET INCOME PER SHARE

Basic earnings per share (“EPS”) is calculated using the weighted-average number of shares of common stock outstanding during the thirteen weeks ended March 27, 2019 and March 28, 2018. Diluted EPS is calculated using the weighted-average number of shares of common stock outstanding and potentially dilutive during the period, using the treasury stock method.

Below are basic and diluted EPS data for the periods indicated, which are in thousands except for per share data:



	Thirteen Weeks Ended
	March 27, 2019		March 28, 2018
Numerator:
Net income	$	913	$	2,529
Denominator:
Weighted-average shares outstanding—basic	38,653,702		38,465,208
Weighted-average shares outstanding—diluted	39,496,436		38,987,351
Net income per share—basic	$	0.02	$	0.07
Net income per share—diluted	$	0.02	$	0.06
Anti-dilutive securities not considered in diluted EPS calculation	56,016		652,871

Below is a reconciliation of basic and diluted share counts.



	Thirteen Weeks Ended
	March 27, 2019	March 28, 2018
Weighted-average shares outstanding—basic	38,653,702	38,465,208
Dilutive effect of stock options and restricted shares	842,734	522,143
Weighted-average shares outstanding—diluted	39,496,436	38,987,351