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EARNINGS PER SHARE (EPS)
 3 Months Ended
Mar. 29, 2024
EARNINGS PER SHARE (EPS)  
EARNINGS PER SHARE (EPS)

11. 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:

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Three months ended

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March 29,

​

March 31,

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2024

    

2023

​

​

(in thousands, except per share amounts)

Net income (loss)

​

$

2,942

​

$

932

Weighted-average common shares outstanding

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13,605

​

 

13,266

Effect of dilutive stock options and restricted stock awards

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305

​

 

204

Weighted-average common shares outstanding-diluted

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13,910

​

 

13,470

Earnings (Loss) per share:

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​

​

​

​

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Basic

​

$

0.22

​

$

0.07

Diluted

​

$

0.21

​

$

0.07

 

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For the three months ended March 29, 2024 and March 31, 2023, the Company excluded 335,000 and 397,000 common shares subject to outstanding equity awards, respectively, from the calculation of diluted shares because their impact would have been anti-dilutive.

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