EARNINGS PER SHARE

3 Months Ended

Mar. 27, 2024

EARNINGS PER SHARE

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 weeks ended March 27, 2024 and March 29, 2023. 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
	March 27, 2024		March 29, 2023
Numerator:
Net income	$	5,912	$	4,918
Denominator:
Weighted-average shares outstanding—basic		30,777,769		36,234,105
Weighted-average shares outstanding—diluted		30,937,226		36,478,158
Net income per share—basic	$	0.19	$	0.14
Net income per share—diluted	$	0.19	$	0.13
Anti-dilutive securities not considered in diluted EPS calculation		840,830		645,356

Below is a reconciliation of basic and diluted share counts:

	Thirteen Weeks Ended
	March 27, 2024	March 29, 2023
Weighted-average shares outstanding—basic	30,777,769	36,234,105
Dilutive effect of stock options and restricted shares	159,457	244,053
Weighted-average shares outstanding—diluted	30,937,226	36,478,158