Net Income per Share

9 Months Ended

Sep. 27, 2019

The following table sets forth the computation of basic and diluted net income per share:



	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	September 27, 2019		September 28, 2018		September 27, 2019		September 28, 2018
Net income per share:
Basic	$	0.15	$	0.14	$	0.45	$	0.40
Diluted	$	0.15	$	0.14	$	0.45	$	0.40
Weighted average common shares:
Basic	29,549,308		29,080,929		29,511,143		28,458,972
Diluted	29,954,837		29,743,851		29,723,609		29,619,703

Reconciliation of net income per common share:



	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	September 27, 2019		September 28, 2018		September 27, 2019		September 28, 2018
Numerator:
Net income	$	4,425	$	4,157	$	13,305	$	11,520
Add effect of dilutive securities
Interest on convertible notes, net of tax	—		26		—		358
Adjusted net income available to common shareholders	$	4,425	$	4,183	$	13,305	$	11,878
Denominator:
Weighted average basic common shares outstanding	29,549,308		29,080,929		29,511,143		28,458,972
Dilutive effect of unvested common shares	405,529		313,229		212,466		221,411
Dilutive effect of convertible notes	—		349,693		—		939,320
Weighted average diluted common shares outstanding	29,954,837		29,743,851		29,723,609		29,619,703

Potentially dilutive securities that have been excluded from the calculation of diluted net income per common share because the effect is anti-dilutive are as follows:



	Thirteen Weeks Ended		Thirty-Nine Weeks Ended
	September 27, 2019	September 28, 2018	September 27, 2019	September 28, 2018
Restricted share awards (“RSAs”)	330,696	—	122,876	388
Convertible subordinated notes	91,053	—	91,053	—