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Net Income Per Share
 6 Months Ended
Jun. 28, 2019
Earnings Per Share [Abstract]  
Net Income Per Share

4.

Net Income Per Share

Basic and diluted earnings per share (EPS) for the quarter and two quarters ended June 28, 2019 and June 29, 2018 was as follows:

 

 

 

For the Quarter Ended

 

 

For the Two Quarters Ended

 

(amounts in thousands, except per-share data)

 

June 28, 2019

 

 

June 29, 2018

 

 

June 28, 2019

 

 

June 29, 2018

 

Weighted-average number of shares outstanding

   during period

 

 

13,436

 

 

 

13,756

 

 

 

13,408

 

 

 

14,217

 

Common stock equivalents from incremental shares

   under equity-based compensation plans

 

 

482

 

 

 

697

 

 

 

443

 

 

 

654

 

Number of shares on which diluted earnings

   per share is based

 

 

13,918

 

 

 

14,453

 

 

 

13,851

 

 

 

14,871

 

Net income

 

$

943

 

 

$

940

 

 

$

1,575

 

 

$

1,354

 

Net income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.07

 

 

$

0.07

 

 

$

0.12

 

 

$

0.10

 

Diluted

 

$

0.07

 

 

$

0.07

 

 

$

0.11

 

 

$

0.09

 

 

Weighted-average shares represent the average number of issued shares less treasury shares, and for the basic EPS calculations, unvested restricted stock.

Certain options representing 1.2 million and 0.6 million shares of common stock were outstanding at June 28, 2019 and June 29, 2018, respectively, but were not included in the computation of diluted earnings per share as their effect on the computation would have been anti-dilutive.