SMTC Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Earnings Per Common Share

Note 7 - Earnings Per Common Share

3 Months Ended

Mar. 29, 2020

7 .	Earnings per common share

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:

	Three months ended
(Number of common shares)	March 29 , 20 20		March 31 , 201 9
Basic weighted average shares outstanding		28,195,300		23,248,918
Dilutive stock awards (a)		1,033,103		1,216,517
Diluted weighted average shares outstanding		29,228,403		24,465,435

(a)

For the

three

months ended

March 29, 2020

and

March 31, 2019,

as a result of net income for the period, dilutive earnings per share were calculated using the treasury stock method. The dilutive stock awards have been calculated as

1,053,103

and

1,216,517

for the

three

months ended

March 29, 2020

and

March 31, 2019

respectively, related to the outstanding unvested restricted stock units and incremental in-the-money stock options.