14.  EARNINGS PER SHARE

The following table represents the computation of basic and diluted net income per common share:

 

 

 

December 29, 2018

 

 

December 30, 2017

 

 

December 31, 2016

 

Net income

 

$

46,730

 

 

$

31,558

 

 

$

23,304

 

Basic and diluted weighted average shares outstanding

 

 

31,309

 

 

 

27,031

 

 

 

26,892

 

Basic and diluted net income per common share

 

$

1.49

 

 

$

1.17

 

 

$

0.87

 

Historical Timeline

Fiscal YearFiled
2018Feb 26, 2019Showing above
2017Feb 27, 2018
2016Mar 1, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.