The Hackett Group Just Filed Its Quarterly Report: 2. Net Income per Co...


2. Net Income per Common Share


Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period. With regard to common stock subject to vesting requirements and restricted stock units issued to the Company’s employees and non-employee members of its Board of Directors, the calculation includes only the vested portion of such stock and units .


Diluted net income per common share is computed by dividing net income by the weighted average number of common shares outstanding, increased by the assumed conversion of other potentially dilutive securities during the period.


The following table reconciles basic and dilutive weighted average common shares:


 











































































































































 


 


Quarter Ended


 


 


Nine Months Ended


 


 


 


October 1,


 


 


September 25,


 


 


October 1,


 


 


September 25,


 


 


 


2021


 


 


2020


 


 


2021


 


 


2020


 


Basic weighted average common shares outstanding


 


 


29,813,530


 


 


 


30,053,457


 


 


 


30,038,249


 


 


 


29,985,879


 


Effect of dilutive securities:


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


Unvested restricted stock units and common stock subject


   to vesting requirements issued to employees and


   non-employees


 


 


625,680


 


 


 


204,747


 


 


 


460,058


 


 


 


142,223


 


Common stock issuable upon the exercise of stock options


   and SARs


 


 


2,436,600


 


 


 


2,145,238


 


 


 


2,373,075


 


 


 


2,206,450


 


Dilutive weighted average common shares outstanding


 


 


32,875,810


 


 


 


32,403,442


 


 


 


32,871,382


 


 


 


32,334,552


 


Approximately 2 thousand shares of common stock equivalents were excluded from the computations of diluted net income per common share for both the quarter and nine months ended October 1, 2021, as compared to 9 thousand shares and 14 thousand shares for the quarter and nine months ended September 25, 2020, respectively, as inclusion would have had an anti-dilutive effect on diluted net income per common share.  

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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