| Earnings Per Share |
The computation of basic and diluted earnings per share is as follows:
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Thirteen Weeks Ended |
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Twenty-Six Weeks Ended |
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June 30,
2013 |
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June 24,
2012 |
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June 30,
2013 |
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June 24,
2012 |
BASIC |
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NUMERATOR: |
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Net income |
$ |
3,160 |
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$ |
1,731 |
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$ |
5,801 |
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$ |
2,111 |
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Less: liquidation preference and preferred return on series X preferred stock |
— |
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234 |
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— |
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|
491 |
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Less: undistributed earnings allocated to participating interest |
— |
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1,466 |
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— |
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|
1,588 |
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Net income available to common stockholders |
$ |
3,160 |
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$ |
31 |
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$ |
5,801 |
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$ |
32 |
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DENOMINATOR: |
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Weighted-average common shares outstanding |
16,269,243 |
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194,766 |
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16,190,264 |
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|
201,634 |
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Basic net income per common share |
$ |
0.19 |
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$ |
0.16 |
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$ |
0.36 |
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$ |
0.16 |
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DILUTED |
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NUMERATOR: |
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Net income |
$ |
3,160 |
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$ |
1,731 |
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$ |
5,801 |
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$ |
2,111 |
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Less: liquidation preference and preferred return on series X preferred stock |
— |
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|
234 |
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— |
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|
491 |
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Less: undistributed earnings allocated to participating interest |
— |
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|
84 |
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— |
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|
91 |
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Net income available to common and participating stockholders |
$ |
3,160 |
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$ |
1,413 |
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$ |
5,801 |
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$ |
1,529 |
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DENOMINATOR: |
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Weighted-average common shares outstanding |
16,269,243 |
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|
194,766 |
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16,190,264 |
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|
201,634 |
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Dilutive effect of preferred stock conversion |
— |
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8,689,686 |
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— |
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9,369,629 |
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Dilutive effect of stock options |
407,978 |
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653,641 |
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435,748 |
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|
648,515 |
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Weighted-average of diluted shares |
16,677,221 |
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9,538,093 |
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16,626,012 |
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10,219,778 |
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Diluted net income per common share |
$ |
0.19 |
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$ |
0.15 |
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$ |
0.35 |
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$ |
0.15 |
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