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EARNINGS PER SHARE ("EPS")
12 Months Ended
Dec. 27, 2024
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

2024

    

2023

    

2022

(in thousands, except per share amounts)

Net income (loss)

$

22,570

$

10,926

$

(8,448)

Weighted-average common shares outstanding

 

13,818

 

13,394

 

13,013

Effect of dilutive stock options and restricted stock awards

 

427

 

212

 

Weighted-average common shares outstanding-diluted

 

14,245

 

13,606

 

13,013

Earnings (Loss) per share:

Basic

$

1.63

$

0.82

$

(0.65)

Diluted

$

1.58

$

0.80

$

(0.65)

 

For the fiscal year 2024 and fiscal year 2023, the Company excluded 71,000 and 363,000 common shares subject to outstanding equity awards, respectively, from the calculation of diluted shares because their impact would have been anti-dilutive. For the fiscal year 2022, 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.