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EARNINGS PER SHARE (EPS)
12 Months Ended
Dec. 29, 2023
EARNINGS PER SHARE (EPS)  
EARNINGS PER SHARE (EPS)

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

2023

    

2022

    

2021

(in thousands, except per share amounts)

Net income (loss)

$

10,926

$

(8,448)

$

(8,417)

Weighted-average common shares outstanding

 

13,394

 

13,013

 

12,458

Effect of dilutive stock options and restricted stock awards

 

212

 

 

Weighted-average common shares outstanding-diluted

 

13,606

 

13,013

 

12,458

Earnings (Loss) per share:

Basic

$

0.82

$

(0.65)

$

(0.68)

Diluted

$

0.80

$

(0.65)

$

(0.68)

 

For the fiscal year 2023, the Company excluded 363,000 common shares, subject to outstanding equity awards from the calculation of diluted shares because their impact would have been anti-dilutive. For the fiscal years 2022 and 2021, the Company reported a net loss, and accordingly, all outstanding equity awards have been excluded from such periods because including them would have been anti-dilutive.