| Earnings per Common Share |
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7.
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Earnings per common share
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The following table details the weighted average number of common shares outstanding for the purposes of computing basic and diluted earnings per common share for the following periods:
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|
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Three months ended
|
|
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Six months ended
|
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(Number of common shares)
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June 28,
2020
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|
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June 30,
2019
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June 28,
2020
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June 30,
2019
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|
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Basic weighted average shares outstanding
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|
|
28,213,729
|
|
|
|
23,557,944
|
|
|
|
28,204,514
|
|
|
|
23,403,431
|
|
|
Dilutive stock awards (a,b)
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|
|
1,279,743
|
|
|
|
—
|
|
|
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1,279,743
|
|
|
|
—
|
|
|
Diluted weighted average shares outstanding
|
|
|
29,493,472
|
|
|
|
23,557,944
|
|
|
|
29,484,257
|
|
|
|
23,403,431
|
|
|
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(a)
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For the three and six months ended June 28, 2020, as a result of net income for the periods, dilutive earnings per share were calculated using the treasury stock method. The dilutive stock awards have been calculated as 1,279,743 for the three and six months ended June 28, 2020, respectively, related to the outstanding unvested restricted stock units and incremental in-the-money stock options.
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(b)
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For the three and six months ended June 30, 2019, as a result of net loss for the period, dilutive stock awards are not presented as this would be antidilutive. Had there been net income for the periods, the dilutive stock awards would have been calculated as 1,251,626 for the three and six months ended June 30, 2019, related to outstanding unvested restricted stock units and incremental in-the-money stock options.
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