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 |
| | — |
|
|