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Net Income per Share
9 Months Ended
Sep. 27, 2024
Earnings Per Share [Abstract]  
Net Income per Share Net Income per Share
 
Basic net income per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share adjusts basic net income per share for all the potentially dilutive shares outstanding during the period.

The following table sets forth the computation of basic and diluted net income per common share:
 Thirteen Weeks EndedThirty-Nine Weeks Ended
 September 27, 2024September 29, 2023September 27, 2024September 29, 2023
Net income per share:   
Basic$0.37 $0.19 $0.83 $0.49 
Diluted$0.34 $0.19 $0.77 $0.49 
Weighted average common shares:   
Basic37,863,580 37,692,588 37,868,675 37,611,179 
Diluted45,941,315 45,717,496 45,888,029 39,143,774 

Reconciliation of net income per common share:
 Thirteen Weeks EndedThirty-Nine Weeks Ended
 September 27, 2024September 29, 2023September 27, 2024September 29, 2023
Numerator:   
Net income$14,098 $7,322 $31,553 $18,590 
Add effect of dilutive securities   
Interest on convertible notes, net of tax1,322 1,369 3,950 403 
Net income available to common shareholders$15,420 $8,691 $35,503 $18,993 
Denominator:   
Weighted average basic common shares outstanding37,863,580 37,692,588 37,868,675 37,611,179 
Dilutive effect of unvested common shares621,999 594,416 570,736 580,675 
Dilutive effect of stock options and warrants62,919 37,675 55,801 54,073 
Dilutive effect of convertible notes7,392,817 7,392,817 7,392,817 897,847 
Weighted average diluted common shares outstanding45,941,315 45,717,496 45,888,029 39,143,774 
 
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 EndedThirty-Nine Weeks Ended
 September 27, 2024September 29, 2023September 27, 2024September 29, 2023
Restricted share awards (“RSAs”) and restricted stock units (“RSUs”)— 292,778 322,518 37,236 
Stock options and warrants— 300,000 — — 
Convertible notes— — — 6,494,970