Note 13. Earnings Per Share

The Company presents the computation of earnings per share (“EPS”) on a basic and diluted basis. Basic EPS is computed by dividing net income by the weighted average number of shares outstanding during the reported period. Diluted earnings per share are computed similarly to basic earnings per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential additional common shares that were dilutive had been issued. Shares of common stock are excluded from the calculation if they are determined to be anti-dilutive.

The following table presents the calculation of basic and diluted earnings per common share:


	Amounts in thousands, except per share amounts
Amounts in thousands, except per share amounts	2019		2018		2017
Earnings per share – Basic:
Net earnings	$	5,546	$	5,195	$	1,445
Less: Distributed and undistributed earnings allocated to nonvested stock		—		—		—
Earnings available to common shareholders – Basic	$	5,546	$	5,195	$	1,445

Weighted average common shares outstanding – Basic		8,437		8,371		8,313

Earnings per common share – Basic	$	0.66	$	0.62	$	0.17

Earnings per share – Diluted:
Net earnings	$	5,546	$	5,195	$	1,445
Less: Distributed and undistributed earnings allocated to nonvested stock		—		—		—
Earnings available to common shareholders – Diluted	$	5,546	$	5,195	$	1,445

Weighted average common shares outstanding – Basic		8,437		8,371		8,313
Effect of dilutive options		130		100		27
Weighted average common shares outstanding – Diluted		8,567		8,471		8,340

Earnings per common share – Diluted	$	0.65	$	0.61	$	0.17

Anti-dilutive equity awards not included above		94		40		60

At March 31, 2019, April 1, 2018, and March 26, 2017 stock options with respect to 591,500, 540,000 and 420,000 shares of common stock were outstanding, respectively. The anti-dilutive stock options outstanding at March 31, 2019, April 1, 2018 and March 26, 2017 total 94,000, 40,000 and 60,000, respectively. There were no anti-dilutive Performance Stock Units or Restricted Stock outstanding as of March 31, 2019, April 1, 2018 or March 26, 2017.