12. EARNINGS PER SHARE (“EPS”)

Basic EPS is computed by dividing net income available to common stockholders by the weighted‑average number of common shares outstanding. Diluted EPS is computed by dividing net income by the weighted‑average number of common shares outstanding and dilutive potential common shares for the period. Potential common shares include the weighted‑average dilutive effects of outstanding stock options and restricted stock awards using the treasury stock method.

The following table sets forth the number of weighted‑average common shares outstanding used to compute basic and diluted EPS:


	Fiscal Year
	2019		2018		2017
	(in thousands, except per share amounts)
Net income	$	4,841	$	10,030	$	12,129
Weighted-average common shares outstanding		11,162		9,264		8,541
Effect of dilutive stock options and restricted stock awards		604		499		614
Weighted-average common shares outstanding-diluted		11,766		9,763		9,155
Earnings per share:
Basic	$	0.43	$	1.08	$	1.42
Diluted	$	0.41	$	1.03	$	1.32

For the fiscal year ended December 27, 2019, 155,300 options were excluded from the calculation of dilutive potential common shares, compared to 247,800 and 114,600 options, for 2018 and 2017, respectively. These options were not included in the computation of dilutive potential common shares because the assumed proceeds per share exceeded the average market price per share for the respective periods. Accordingly, the inclusion of these options would have been anti‑dilutive.