XML 24 R15.htm IDEA: XBRL DOCUMENT v3.22.2
Earnings Per Share
6 Months Ended
Jun. 29, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

8. EARNINGS PER SHARE

Basic earnings per share (“EPS”) is calculated using the weighted-average number of shares of common stock outstanding during the thirteen and twenty-six weeks ended June 29, 2022 and June 30, 2021. 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 (in thousands except for share and per share data):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Thirteen Weeks Ended

​

Twenty-Six Weeks Ended

​

​

    

June 29, 2022

    

June 30, 2021

​

June 29, 2022

    

June 30, 2021

    

Numerator:

 

​

  

 

​

  

​

​

  

 

​

  

 

Net income

​

$

7,141

​

$

8,818

​

$

9,256

​

$

12,782

​

Denominator:

​

 

  

​

 

  

​

 

  

​

 

  

​

Weighted-average shares outstanding—basic

​

 

36,331,099

​

 

35,927,781

​

 

36,278,423

​

 

35,861,493

​

Weighted-average shares outstanding—diluted

​

 

36,473,960

​

 

36,416,686

​

 

36,478,808

​

 

36,423,394

​

Net income per share—basic

​

$

0.20

​

$

0.25

​

$

0.26

​

$

0.36

​

Net income per share—diluted

​

$

0.20

​

$

0.24

​

$

0.25

​

$

0.35

​

Anti-dilutive securities not considered in diluted EPS calculation

​

 

952,517

​

 

138,117

​

 

597,201

​

 

65,798

​

​

Below is a reconciliation of basic and diluted share counts:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Thirteen Weeks Ended

    

Twenty-Six Weeks Ended

    

​

​

June 29, 2022

​

June 30, 2021

​

June 29, 2022

​

June 30, 2021

​

Weighted-average shares outstanding—basic

 

36,331,099

 

35,927,781

 

36,278,423

 

35,861,493

 

Dilutive effect of stock options and restricted shares

 

142,861

 

488,905

 

200,385

 

561,901

 

Weighted-average shares outstanding—diluted

 

36,473,960

 

36,416,686

 

36,478,808

 

36,423,394

 

​