The computation of basic and diluted earnings per share is as follows:
|
|
|
|
|
|
|
|
|
|
Thirteen Weeks Ended |
|
March 31,
2013 |
|
March 25,
2012 |
BASIC |
|
|
|
NUMERATOR: |
|
|
|
Net income |
$ |
2,641 |
|
|
$ |
381 |
|
Less: liquidation preference and preferred return on series X preferred stock |
— |
|
|
313 |
|
Less: undistributed earnings allocated to participating interest |
— |
|
|
66 |
|
Net income available to common stockholders |
$ |
2,641 |
|
|
$ |
2 |
|
DENOMINATOR: |
|
|
|
Weighted-average common shares outstanding |
16,111,286 |
|
|
208,505 |
|
Basic net income per common share |
$ |
0.16 |
|
|
$ |
0.01 |
|
DILUTED |
|
|
|
NUMERATOR: |
|
|
|
Net income |
$ |
2,641 |
|
|
$ |
381 |
|
Less: liquidation preference and preferred return on series X preferred stock |
— |
|
|
313 |
|
Less: undistributed earnings allocated to participating interest |
— |
|
|
4 |
|
Net income available to common and participating stockholders |
$ |
2,641 |
|
|
$ |
64 |
|
DENOMINATOR: |
|
|
|
Weighted-average common shares outstanding |
16,111,286 |
|
|
208,505 |
|
Dilutive effect of preferred stock conversion |
— |
|
|
10,049,572 |
|
Dilutive effect of stock options |
465,767 |
|
|
648,728 |
|
Weighted-average of diluted shares |
16,577,053 |
|
|
10,906,805 |
|
Diluted net income per common share |
$ |
0.16 |
|
|
$ |
0.01 |
|
|