Note 12 - Earnings Per Share

3 Months Ended

Mar. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

12. EARNINGS PER SHARE

The following table sets forth the calculation of basic and diluted earnings per share:

	For the thirteen weeks ended
	March 30, 2025		March 31, 2024
Numerator:
Net income	$	2,817	$	3,730
Denominator:
Weighted average common shares outstanding - basic		118,845,487		117,871,829
Dilutive effect of potential common shares from RSUs		578,059		1,429,198
Dilutive effect of potential common shares from PSUs		135,671		204,303
Weighted average common shares outstanding - diluted		119,559,217		119,505,330
Earnings per share:
Basic	$	0.02	$	0.03
Diluted	$	0.02	$	0.03

The following outstanding shares of Common Stock equivalents were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive. Warrants to purchase shares of Common Stock having an exercise price greater than the average share market price are excluded from the calculation of diluted earnings per share. 

	For the thirteen weeks ended
	March 30, 2025		March 31, 2024
Anti-dilutive shares excluded from calculation of diluted EPS:
Warrants		14,633,311		14,633,311
Stock options		437,268		701,849
Restricted stock units		1,484,272		61,470
Performance stock units		2,514,393		797,879
Unvested Earn-Out Shares		1,093,750		1,093,750
Total anti-dilutive shares		20,162,994		17,288,259