XML 23 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Net Income per Share
12 Months Ended
Dec. 29, 2017
Earnings Per Share [Abstract]  
Net Income per Share
Net Income per Share
 
The following table sets forth the computation of basic and diluted earnings per share:
 
Fiscal Year Ended
 
December 29, 2017
 
December 30, 2016
 
December 25, 2015
Net income per share:
 

 
 

 
 

Basic
$
0.55

 
$
0.12

 
$
0.63

Diluted
$
0.54

 
$
0.12

 
$
0.63

Weighted average common shares:
 

 
 

 
 

Basic
26,118,482

 
25,919,480

 
25,532,172

Diluted
27,424,526

 
26,029,609

 
26,508,994


 




Reconciliation of net income per common share:
 
Fiscal Year Ended
 
December 29, 2017
 
December 30, 2016
 
December 25, 2015
Numerator:
 

 
 

 
 

Net income
$
14,366

 
$
3,023

 
$
16,209

Add effect of dilutive securities
 

 
 

 
 

Interest on convertible notes, net of tax
536

 

 
403

Adjusted net income
$
14,902

 
$
3,023

 
$
16,612

Denominator:
 

 
 

 
 

Weighted average basic common shares outstanding
26,118,482

 
25,919,480

 
25,532,172

Dilutive effect of unvested common shares
68,670

 
110,129

 
79,385

Dilutive effect of convertible notes
1,237,374

 

 
897,437

Weighted average diluted common shares outstanding
27,424,526

 
26,029,609

 
26,508,994


 
Potentially dilutive securities that have been excluded from the calculation of diluted net income per common share because the effect is anti-dilutive are as follows:
 
Fiscal Year Ended
 
December 29, 2017
 
December 30, 2016
 
December 25, 2015
Restricted Share Awards (RSAs)
84,511

 
92,812

 
34,526

Stock options
201,799

 
209,071

 

Convertible subordinated notes

 
1,237,374