Net Income Per Share

3 Months Ended

Mar. 30, 2018

4.	Net Income Per Share

Basic and diluted earnings per share (EPS) for the quarters ended March 30, 2018 and March 31, 2017 was as follows:

	For the Quarter Ended
(amounts in thousands, except per-share data)	March 30, 2018		March 31, 2017
Weighted-average number of shares outstanding during period		14,687		15,296
Common stock equivalents from incremental shares under equity-based compensation plans		611		134
Number of shares on which diluted earnings per share is based		15,298		15,430
Net income	$	414	$	751
Net income per share
Basic	$	0.03	$	0.05
Diluted	$	0.03	$	0.05

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 0.9 million and 1.5 million shares of common stock were outstanding at March 30, 2018 and March 31, 2017, respectively, but were not included in the computation of diluted earnings per share as their effect on the computation would have been anti-dilutive.