Earnings Per Share

12 Months Ended

Jan. 01, 2022

16.	Earnings Per Share:

Basic income per share is calculated using the weighted average number of shares of common stock outstanding during the period. Restricted stock units and stock options are included in the calculation of diluted earnings per share, except when their effect would be anti-dilutive.

The Company’s basic and diluted earnings per share amounts are as follows:

	January 1, 2022		December 26, 2020		December 31, 2019
Numerator:
Net income	$	142,349	$	31,025	$	1,910
Denominator:
Basic earnings per share - weighted average shares outstanding		49,242		49,136		29,729
Effect of potential dilutive securities:
Restricted stock units, employee stock purchase grants and stock options - dilutive shares		486		339		278
Diluted earnings per share - weighted average shares outstanding		49,728		49,475		30,007
Earnings per share:
Basic	$	2.89	$	0.63	$	0.06
Diluted	$	2.86	$	0.63	$	0.06