v3.25.2
Net Income per Share
 6 Months Ended
Jun. 27, 2025
Earnings Per Share [Abstract]  
Net Income per Share Net Income per Share
 
Basic net income per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share adjusts basic net income per share for all the potentially dilutive shares outstanding during the period. When the Company’s convertible notes are dilutive, interest on the convertible notes, net of tax, is added back to net income in order to calculate diluted earnings available to common shareholders.

The following table sets forth the computation of basic and diluted net income per common share:
 Thirteen Weeks EndedTwenty-Six Weeks Ended
 June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Net income per share:   
Basic$0.55 $0.41 $0.81 $0.46 
Diluted$0.49 $0.37 $0.74 $0.44 
Weighted average common shares:   
Basic38,883,019 37,924,931 38,788,843 37,871,080 
Diluted46,031,127 45,947,728 46,055,696 45,959,061 

Reconciliation of net income per common share:
 Thirteen Weeks EndedTwenty-Six Weeks Ended
 June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Numerator:   
Net income$21,241 $15,524 $31,529 $17,455 
Add effect of dilutive securities   
Interest on convertible notes, net of tax1,226 1,322 2,451 2,628 
Net income available to common shareholders$22,467 $16,846 $33,980 $20,083 
Denominator:   
Weighted average basic common shares outstanding38,883,019 37,924,931 38,788,843 37,871,080 
Dilutive effect of unvested common shares581,013 573,930 700,950 642,767 
Dilutive effect of stock options and warrants72,125 56,050 70,933 52,397 
Dilutive effect of convertible notes6,494,970 7,392,817 6,494,970 7,392,817 
Weighted average diluted common shares outstanding46,031,127 45,947,728 46,055,696 45,959,061 
 
Potentially dilutive securities that have been excluded from the calculation of diluted net income per common share because the effect is anti-dilutive are as follows:
 Thirteen Weeks EndedTwenty-Six Weeks Ended
 June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Restricted share awards (“RSAs”) and restricted stock units (“RSUs”)215,454 160,273 259,505 286,769