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 and thirty-nine weeks ended September 25, 2019 and September 26, 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				Thirty-Nine Weeks Ended
	9/25/2019		9/26/2018		9/25/2019		9/26/2018
Numerator:
Net income	$	6,402	$	6,835	$	21,402	$	14,416
Denominator:
Weighted-average shares outstanding—basic	35,859,502		38,602,658		37,484,372		38,516,792
Weighted-average shares outstanding—diluted	36,397,368		39,205,090		38,173,097		39,102,130
Net income per share—basic	$	0.18	$	0.18	$	0.57	$	0.37
Net income per share—diluted	$	0.18	$	0.17	$	0.56	$	0.37
Anti-dilutive securities not considered in diluted EPS calculation	882,253		557,300		636,099		671,565

Below is a reconciliation of basic and diluted share counts:



	Thirteen Weeks Ended		Thirty-Nine Weeks Ended
	9/25/2019	9/26/2018	9/25/2019	9/26/2018
Weighted-average shares outstanding—basic	35,859,502	38,602,658	37,484,372	38,516,792
Dilutive effect of stock options and restricted shares	537,866	602,432	688,725	585,338
Weighted-average shares outstanding—diluted	36,397,368	39,205,090	38,173,097	39,102,130