Net Income Per Share

3 Months Ended

Mar. 31, 2023

Basic and diluted earnings per share (EPS) for the quarters ended March 31, 2023 and April 1, 2022 were as follows:


	For the Quarter Ended
(amounts in thousands, except per-share data)	March 31, 2023		April 1, 2022
Weighted-average number of shares outstanding during period		14,704		14,199
Common stock equivalents from incremental shares under equity-based compensation plans		643		778
Number of shares on which diluted earnings per share is based		15,347		14,977
Net income	$	315	$	2,240
Net income per share
Basic	$	0.02	$	0.16
Diluted	$	0.02	$	0.15

Weighted-average shares represent the average number of issued shares less treasury shares, and for the basic EPS calculations, unvested restricted stock.

Certain options representing 0.8 million and 0.5 million shares of common stock were outstanding at March 31, 2023 and April 1, 2022, respectively, but were not included in the computation of diluted earnings per share as their effect on the computation would have been anti-dilutive.