8.	Earnings Per Share

Basic earnings per share is calculated by dividing our net income by the weighted average number of common shares outstanding during the period, excluding nonvested restricted stock which is considered to be contingently issuable. To calculate diluted earnings per share, common share equivalents are added to the weighted average number of common shares outstanding. Common share equivalents are calculated using the treasury stock method and are computed based on outstanding stock-based awards. Stock-based awards of 63,000 shares and 47,500 shares were excluded from the calculation of diluted earnings per share as of September 29, 2018 and September 30, 2017, respectively, as their effect would have been anti-dilutive.

The following table sets forth the computation of basic earnings per share and diluted earnings per share:

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
(in thousands, except per share data)	September 29, 2018		September 30, 2017		September 29, 2018		September 30, 2017
Numerator
Net income	$	34,017	$	27,008	$	99,003	$	84,632
Denominator:
Weighted average basic shares outstanding		32,985		33,822		33,177		34,111
Effect of stock-based compensation awards		110		87		90		91
Weighted average diluted shares outstanding		33,095		33,909		33,267		34,202
Earnings Per Share:
Basic	$	1.03	$	0.80	$	2.98	$	2.48
Diluted	$	1.03	$	0.80	$	2.98	$	2.47