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EARNINGS PER SHARE (EPS)
 6 Months Ended
Jun. 28, 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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Six months ended

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June 28,

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June 30,

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June 28,

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June 30,

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2024

    

2023

    

2024

    

2023

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​

(in thousands, except per share amounts)

Net income (loss)

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$

4,594

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$

397

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$

7,536

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$

1,329

Weighted-average common shares outstanding

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13,725

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13,344

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13,665

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13,305

Effect of dilutive stock options and restricted stock awards

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349

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143

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336

​

 

176

Weighted-average common shares outstanding-diluted

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14,074

​

 

13,487

​

 

14,001

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13,481

Earnings (Loss) per share:

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Basic

​

$

0.33

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$

0.03

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$

0.55

​

$

0.10

Diluted

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$

0.33

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$

0.03

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$

0.54

​

$

0.10

 

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For the three and six months ended June 28, 2024, the Company excluded 273,000 and 409,000 common shares subject to outstanding equity awards, respectively, from the calculation of diluted shares because their impact would have been anti-dilutive. For the three and six months ended June 30, 2023, the Company excluded 451,000 and 433,000 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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