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Net Income (Loss) per Share | 6 Months Ended
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Jun. 24, 2022
Earnings Per Share [Abstract] |
Net Income (Loss) per Share | Net Income (Loss) per Share The following table sets forth the computation of basic and diluted net income (loss) per common share:
| Thirteen Weeks Ended |  | Twenty-Six Weeks Ended
| June 24, 2022 |  | June 25, 2021 |  | June 24, 2022 |  | June 25, 2021
Net income (loss) per share: |  |  |  |  |  |  |
Basic | $ | 0.46 |  |  | $ | 0.03 |  |  | $ | 0.49 |  |  | $ | (0.46) |
Diluted | $ | 0.42 |  |  | $ | 0.03 |  |  | $ | 0.47 |  |  | $ | (0.46) |
Weighted average common shares: |  |  |  |  |  |  |
Basic | 37,100,968 |  |  | 36,831,054 |  |  | 37,018,044 |  |  | 36,615,463 |
Diluted | 42,053,453 |  |  | 37,081,186 |  |  | 41,896,379 |  |  | 36,615,463 |
Reconciliation of net income (loss) per common share:
| Thirteen Weeks Ended |  | Twenty-Six Weeks Ended
| June 24, 2022 |  | June 25, 2021 |  | June 24, 2022 |  | June 25, 2021
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | 16,915 |  |  | $ | 1,098 |  |  | $ | 18,300 |  |  | $ | (16,823) |
Add effect of dilutive securities |  |  |  |  |  |  |
Interest on convertible notes, net of tax | 719 |  |  | — |  |  | 1,365 |  |  | — |
Net income (loss) available to common shareholders | $ | 17,634 |  |  | $ | 1,098 |  |  | $ | 19,665 |  |  | $ | (16,823) |
Denominator: |  |  |  |  |  |  |
Weighted average basic common shares outstanding | 37,100,968 |  |  | 36,831,054 |  |  | 37,018,044 |  |  | 36,615,463 |
Dilutive effect of unvested common shares | 263,071 |  |  | 250,132 |  |  | 296,538 |  |  | — |
Dilutive effect of stock options and warrants | 73,381 |  |  | — |  |  | 56,817 |  |  | — |
Dilutive effect of convertible notes | 4,616,033 |  |  | — |  |  | 4,524,980 |  |  | — |
Weighted average diluted common shares outstanding | 42,053,453 |  |  | 37,081,186 |  |  | 41,896,379 |  |  | 36,615,463 |
Potentially dilutive securities that have been excluded from the calculation of diluted net income (loss) per common share because the effect is anti-dilutive are as follows:
| Thirteen Weeks Ended |  | Twenty-Six Weeks Ended
| June 24, 2022 |  | June 25, 2021 |  | June 24, 2022 |  | June 25, 2021
Restricted share awards (“RSAs”) | 106,571 |  |  | — |  |  | 83,001 |  |  | 349,389 |
Stock options and warrants | — |  |  | 103,226 |  |  | — |  |  | 91,779 |
Convertible notes | — |  |  | 4,616,033 |  |  | 91,053 |  |  | 4,205,246 |

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