| EARNINGS PER SHARE |
9. EARNINGS PER SHARE Basic earnings per share (“EPS”) is calculated using the weighted-average number of shares of common stock outstanding during the thirteen and twenty-six weeks ended June 25, 2025 and June 26, 2024. Diluted EPS is calculated using the weighted-average number of shares of common stock outstanding and potentially dilutive during the period, using the treasury stock method. Below are basic and diluted EPS data for the periods indicated (in thousands except for share and per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | Thirteen Weeks Ended | | Twenty-Six Weeks Ended | | | June 25, 2025 | | June 26, 2024 | | June 25, 2025 | | June 26, 2024 | Numerator: | | | | | | | | | | | | | Net income | | $ | 7,107 | | $ | 7,633 | | $ | 12,588 | | $ | 13,545 | Denominator: | | | | | | | | | | | | | Weighted-average shares outstanding—basic | | | 29,097,871 | | | 30,240,170 | | | 29,092,409 | | | 30,508,970 | Weighted-average shares outstanding—diluted | | | 29,272,394 | | | 30,378,048 | | | 29,314,443 | | | 30,661,830 | Net income per share—basic | | $ | 0.24 | | $ | 0.25 | | $ | 0.43 | | $ | 0.44 | Net income per share—diluted | | $ | 0.24 | | $ | 0.25 | | $ | 0.43 | | $ | 0.44 | Anti-dilutive securities not considered in diluted EPS calculation | | | 1,365,912 | | | 860,521 | | | 991,831 | | | 865,225 |
Below is a reconciliation of basic and diluted share counts: | | | | | | | | | | | | | | | | | | | | Thirteen Weeks Ended | | Twenty-Six Weeks Ended | | | June 25, 2025 | | June 26, 2024 | | June 25, 2025 | | June 26, 2024 | Weighted-average shares outstanding—basic | | 29,097,871 | | 30,240,170 | | 29,092,409 | | 30,508,970 | Dilutive effect of stock options and restricted shares | | 174,523 | | 137,878 | | 222,034 | | 152,860 | Weighted-average shares outstanding—diluted | | 29,272,394 | | 30,378,048 | | 29,314,443 | | 30,661,830 |
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