| Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share |
The following table sets forth the securities which were excluded from the computation of diluted net income per share of Class A common stock for the 13 and 26 weeks ended July 5, 2025 and July 6, 2024 as they were determined to be antidilutive:
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For the Thirteen Weeks Ended |
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For the Twenty-Six Weeks Ended |
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July 5, 2025 |
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July 6, 2024 |
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July 5, 2025 |
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July 6, 2024 |
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Antidilutive securities excluded from the computation of diluted net income per share: |
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Class B Common Stock |
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11,860,546 |
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12,214,845 |
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11,860,546 |
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12,214,845 |
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Options |
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4,497,573 |
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751,688 |
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4,497,573 |
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751,688 |
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RSUs and Restricted Shares |
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2,550,532 |
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574,390 |
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622,078 |
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384,290 |
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Warrants |
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2,730,000 |
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— |
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2,730,000 |
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— |
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| Schedule of Computation of Basic and Diluted Net Income Per Share |
The following table sets forth the computation of basic net income per share of Class A common stock for the 13 and 26 weeks ended July 5, 2025 and July 6, 2024:
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For the Thirteen Weeks Ended |
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For the Twenty-Six Weeks Ended |
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July 5, 2025 |
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July 6, 2024 |
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July 5, 2025 |
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July 6, 2024 |
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(in thousands, except for share and per share amounts) |
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Net income |
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$ |
5,393 |
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$ |
5,924 |
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$ |
7,963 |
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$ |
9,578 |
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Less: net income attributable to noncontrolling interests |
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1,565 |
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1,551 |
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2,384 |
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2,470 |
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Net income applicable to Class A common shareholders |
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$ |
3,828 |
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$ |
4,373 |
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$ |
5,579 |
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$ |
7,108 |
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Basic weighted average outstanding shares |
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Class A Common Stock |
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43,344,441 |
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48,176,149 |
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43,322,260 |
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48,365,642 |
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Basic net income per share applicable to common shareholders: |
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Class A Common Stock |
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$ |
0.09 |
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$ |
0.09 |
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$ |
0.13 |
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$ |
0.15 |
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The following table sets forth the computation of diluted net income per share of Class A common stock for the 13 and 26 weeks ended July 5, 2025 and July 6, 2024:
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For the Thirteen Weeks Ended |
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For the Twenty-Six Weeks Ended |
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July 5, 2025 |
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July 6, 2024 |
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July 5, 2025 |
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July 6, 2024 |
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(in thousands, except for share and per share amounts) |
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Net income |
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$ |
5,393 |
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$ |
5,924 |
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$ |
7,963 |
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$ |
9,578 |
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Less: net income attributable to noncontrolling interests |
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1,565 |
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1,550 |
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|
2,381 |
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|
2,468 |
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Net income applicable to Class A common shareholders |
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$ |
3,828 |
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$ |
4,374 |
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$ |
5,582 |
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$ |
7,110 |
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Diluted weighted average outstanding shares |
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Basic weighted average outstanding shares - Class A Common Stock |
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43,344,441 |
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48,176,149 |
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43,322,260 |
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48,365,642 |
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Effect of dilutive securities: |
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RSUs and Restricted Shares |
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— |
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40,494 |
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60,157 |
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59,386 |
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Options |
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210 |
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— |
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105 |
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— |
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Diluted weighted average outstanding shares - Class A Common Stock |
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43,344,651 |
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48,216,643 |
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43,382,522 |
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48,425,028 |
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Diluted net income per share applicable to common shareholders: |
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Class A Common Stock |
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$ |
0.09 |
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$ |
0.09 |
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$ |
0.13 |
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$ |
0.15 |
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