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EARNINGS PER SHARE ("EPS")
 3 Months Ended
Apr. 04, 2025
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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April 4,

​

March 29,

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2025

    

2024

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​

(in thousands, except per share amounts)

Net income (loss)

​

$

4,687

​

$

2,942

Weighted-average common shares outstanding

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14,163

​

 

13,605

Effect of dilutive stock options and restricted stock awards

​

 

465

​

 

305

Weighted-average common shares outstanding-diluted

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14,628

​

 

13,910

Earnings (Loss) per share:

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​

​

​

​

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Basic

​

$

0.33

​

$

0.22

Diluted

​

$

0.32

​

$

0.21

 

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For the three months ended April 4, 2025 and March 29, 2024, the Company excluded 47,000 and 335,000 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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