Net Income Per Share

3 Months Ended

Mar. 29, 2019

Earnings Per Share [Abstract]

Net Income Per Share

4. Net Income Per Share

Basic and diluted earnings per share (EPS) for the quarters ended March 29, 2019 and March 30, 2018 was as follows:

	For the Quarter Ended
(amounts in thousands, except per-share data)	March 29, 2019		March 30, 2018
Weighted-average number of shares outstanding    during period		13,379		14,687
Common stock equivalents from incremental shares    under equity-based compensation plans		403		611
Number of shares on which diluted earnings    per share is based		13,782		15,298
Net income	$	632	$	414
Net income per share
Basic	$	0.05	$	0.03
Diluted	$	0.05	$	0.03

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 1.2 million and 0.9 million shares of common stock were outstanding at March 29, 2019 and March 30, 2018, respectively, but were not included in the computation of diluted earnings per share as their effect on the computation would have been anti-dilutive.