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EARNINGS PER SHARE ("EPS")
 9 Months Ended
Sep. 27, 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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Nine months ended

​

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September 27,

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September 29,

​

September 27,

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September 29,

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2024

    

2023

    

2024

    

2023

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​

(in thousands, except per share amounts)

Net income (loss)

​

$

7,346

​

$

1,566

​

$

14,882

​

$

2,895

Weighted-average common shares outstanding

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13,930

​

 

13,462

​

 

13,753

​

 

13,357

Effect of dilutive stock options and restricted stock awards

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428

​

 

247

​

 

377

​

 

206

Weighted-average common shares outstanding-diluted

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14,358

​

 

13,709

​

 

14,130

​

 

13,563

Earnings (Loss) per share:

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​

​

​

​

​

​

​

​

​

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Basic

​

$

0.53

​

$

0.12

​

$

1.08

​

$

0.22

Diluted

​

$

0.51

​

$

0.11

​

$

1.05

​

$

0.21

 

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For the three months ended September 27, 2024, the Company did not exclude any shares subject to outstanding equity awards from the calculation of diluted shares. For the nine months ended September 27, 2024, the Company excluded 269,000 common shares subject to outstanding equity awards from the calculation of diluted shares because their impact would have been anti-dilutive. For the three and nine months ended September 29, 2023, the Company excluded 363,000 and 389,000 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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