The Hackett Group Just Filed Its Annual Report: Net Income per Commo...


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 regards to common stock subject to vesting requirements and restricted stock units issued to employees, the calculation includes only the vested portion of such stock.


The potential issuance of common shares upon the exercise, conversion or vesting of unvested restricted stock units, common stock subject to vesting, stock options and stock appreciation right units ("SARs"), as calculated under the treasury stock method, may be dilutive. Diluted net income per share is computed by dividing the net income by the weighted average number of common shares outstanding and will increase by the assumed conversion of other potentially dilutive securities during the period.


The following table reconciles basic and diluted weighted average shares:


 














































































































 


 


Year Ended


 


 


 


December 31,


 


 


January 1,


 


 


December 27,


 


 


 


2021


 


 


2021


 


 


2019


 


Basic weighted average common shares outstanding


 


 


30,021,097


 


 


 


29,988,244


 


 


 


29,804,721


 


Effect of dilutive securities:


 


 


 


 


 


 


 


 


 


 


 


 


Unvested restricted stock units and common stock subject to vesting requirements issued to employees


 


 


529,535


 


 


 


212,496


 


 


 


307,422


 


Common stock issuable upon the exercise of stock options and SARs


 


 


2,331,976


 


 


 


2,203,796


 


 


 


2,340,450


 


Dilutive weighted average common shares outstanding


 


 


32,882,608


 


 


 


32,404,536


 


 


 


32,452,593


 


 

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

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