Basic earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share include the dilutive effect of stock options, restricted stock awards, and warrants. The following is a reconciliation of the basic and diluted Earnings Per Share ("EPS") computations for both the numerator and denominator (in thousands, except per share data):
Year Ended December 27, 2025
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Net income$40,305 197,451 $0.20 
Dilutive effect of stock options and awards— 2,029 — 
Net income per diluted common share$40,305 199,480 $0.20 
Year Ended December 28, 2024
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Net income$17,255 196,108 $0.09 
Dilutive effect of stock options and awards— 2,807 — 
Net income per diluted common share$17,255 198,915 $0.09 
Year Ended December 30, 2023
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Net loss$(9,589)194,722 $(0.05)
Dilutive effect of stock options and awards— — — 
Net loss per diluted common share$(9,589)194,722 $(0.05)
Stock options and awards outstanding totaling 5,140, 2,863 and 5,874 were excluded from the computation for the years ended December 27, 2025, December 28, 2024 and December 30, 2023, respectively, as they would have had an antidilutive effect under the treasury stock method.

Historical Timeline

Fiscal YearFiled
2025Feb 17, 2026Showing above
2024Feb 20, 2025
2023Feb 22, 2024
2022Feb 27, 2023
2021Mar 16, 2022

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.