EARNINGS PER SHARE

9 Months Ended

Sep. 25, 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 and thirty-nine weeks ended September 25, 2024 and September 27, 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				Thirty-Nine Weeks Ended
	September 25, 2024		September 27, 2023		September 25, 2024		September 27, 2023
Numerator:
Net income	$	6,186	$	9,229	$	19,731	$	21,203
Denominator:
Weighted-average shares outstanding—basic		29,199,971		33,412,674		30,072,637		35,026,731
Weighted-average shares outstanding—diluted		29,423,649		33,490,004		30,235,309		35,179,483
Net income per share—basic	$	0.21	$	0.28	$	0.66	$	0.61
Net income per share—diluted	$	0.21	$	0.28	$	0.65	$	0.60
Anti-dilutive securities not considered in diluted EPS calculation		621,558		1,216,015		692,075		790,077

Below is a reconciliation of basic and diluted share counts:

	Thirteen Weeks Ended		Thirty-Nine Weeks Ended
	September 25, 2024	September 27, 2023	September 25, 2024	September 27, 2023
Weighted-average shares outstanding—basic	29,199,971	33,412,674	30,072,637	35,026,731
Dilutive effect of stock options and restricted shares	223,678	77,330	162,672	152,752
Weighted-average shares outstanding—diluted	29,423,649	33,490,004	30,235,309	35,179,483