16 Weeks Ended

(In thousands, except per share amounts)

April 22, 2023

April 23, 2022

Numerator:

Net earnings

$

11,337

$

19,289

Adjustment for earnings attributable to participating securities

(102

)

(273

)

Net earnings used in calculating earnings per share

$

11,235

$

19,016

Denominator:

Weighted average shares outstanding, including participating securities

34,547

35,566

Adjustment for participating securities

(310

)

(504

)

Shares used in calculating basic earnings per share

34,237

35,062

Effect of dilutive stock warrant

761

648

Effect of dilutive restricted stock awards

149

168

Shares used in calculating diluted earnings per share

35,147

35,878

Basic earnings per share

$

0.33

$

0.54

Diluted earnings per share

$

0.32

$

0.53