Schedule of Earnings Per Share, Basic and Diluted |
The following table presents the basic and diluted earnings per share computation for the fiscal years presented: | | | | | | | | | | | | | (in thousands except share data) | 2020 | | 2019 | | 2018 | Numerator: | | | | | | Net income | $ | 12,185 |
| | $ | 24,300 |
| | $ | 30,820 |
| Less: preferred stock dividends | — |
| | — |
| | 1,896 |
| Net income available to common stockholders | $ | 12,185 |
| | $ | 24,300 |
| | $ | 28,924 |
| | | | | | | Basic earnings per share (1): | | | | | | Weighted average common shares outstanding | 26,850,999 |
| | 26,455,436 |
| | 25,259,595 |
| Basic earnings per share | $ | 0.45 |
| | $ | 0.92 |
| | $ | 1.15 |
| | | | | | | Diluted earnings per share: | | | | | | Weighted average common shares outstanding | 26,850,999 |
| | 26,455,436 |
| | 25,259,595 |
| Weighted average dilutive securities, convertible preferred stock | — |
| | 98,984 |
| | 2,294,205 |
| Weighted average dilutive securities, restricted stock | 188,791 |
| | 180,032 |
| | 50,891 |
| Weighted average dilutive securities, warrants | — |
| | 179,105 |
| | 737,183 |
| Weighted average dilutive securities, stock options | 46,765 |
| | 130,257 |
| | 274,988 |
| Weighted average shares and dilutive potential common shares | 27,086,555 |
| | 27,043,814 |
| | 28,616,862 |
| Diluted earnings per share | $ | 0.45 |
| | $ | 0.90 |
| | $ | 1.08 |
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(1) Potentially dilutive securities representing 0.4 million and 0.2 million shares of common stock were excluded from the computation of diluted earnings per share for the fiscal years ended October 3, 2020 and September 28, 2019, respectively, as their effect would have been anti-dilutive.
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