| Computation of Basic and Diluted Net Income Per Share |
The computation of basic and diluted net income per share is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
December 29, 2013 |
|
December 30, 2012 |
|
December 25, 2011 |
BASIC |
|
|
|
|
|
NUMERATOR: |
|
|
|
|
|
Net income |
$ |
11,069 |
|
|
$ |
5,457 |
|
|
$ |
3,464 |
|
Less: liquidation preference and preferred return on series X preferred stock |
— |
|
|
577 |
|
|
1,121 |
|
Less: undistributed earnings allocated to participating interest |
— |
|
|
1,594 |
|
|
2,302 |
|
Net income available to common stockholders |
$ |
11,069 |
|
|
$ |
3,286 |
|
|
$ |
41 |
|
DENOMINATOR: |
|
|
|
|
|
Weighted-average common shares outstanding |
16,276,999 |
|
|
6,809,576 |
|
|
191,166 |
|
Basic net income per common share |
$ |
0.68 |
|
|
$ |
0.48 |
|
|
$ |
0.21 |
|
DILUTED |
|
|
|
|
|
NUMERATOR: |
|
|
|
|
|
Net income |
$ |
11,069 |
|
|
$ |
5,457 |
|
|
$ |
3,464 |
|
Less: liquidation preference and preferred return on series X preferred stock |
— |
|
|
577 |
|
|
1,121 |
|
Less: undistributed earnings allocated to participating interest |
— |
|
|
91 |
|
|
131 |
|
Net income available to common and participating stockholders |
$ |
11,069 |
|
|
$ |
4,789 |
|
|
$ |
2,212 |
|
DENOMINATOR: |
|
|
|
|
|
Weighted-average common shares outstanding |
16,276,999 |
|
|
6,809,576 |
|
|
191,166 |
|
Dilutive effect of preferred stock conversion |
— |
|
|
5,356,896 |
|
|
10,049,572 |
|
Dilutive effect of stock options |
400,388 |
|
|
726,818 |
|
|
611,913 |
|
Weighted-average of diluted shares |
16,677,387 |
|
|
12,893,290 |
|
|
10,852,651 |
|
Diluted net income per common share |
$ |
0.66 |
|
|
$ |
0.37 |
|
|
$ |
0.20 |
|
|