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Computation of Basic and Diluted Net (Loss) Income Per Common Share (Tables)
6 Months Ended
Jul. 02, 2022
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator of Basic and Diluted Net Loss Per Common Share

A reconciliation of the numerator and denominator of basic and diluted net loss per common share is provided as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(in thousands except per share data)

 

July 2, 2022

 

 

July 3, 2021

 

 

July 2, 2022

 

 

July 3, 2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(2,241

)

 

$

1,393

 

 

$

(4,632

)

 

$

(617

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock (basic)

 

 

15,894

 

 

 

15,647

 

 

 

15,888

 

 

 

14,996

 

Effect of dilutive stock options

 

 

—

 

 

 

427

 

 

 

—

 

 

 

—

 

Effect of dilutive RSUs

 

 

—

 

 

 

233

 

 

 

—

 

 

 

—

 

Weighted average shares of common stock (diluted)

 

 

15,894

 

 

 

16,307

 

 

 

15,888

 

 

 

14,996

 

Per share data:

 

 

 

 

 

 

 

 

 

 

 

 

Basic net (loss) income per share

 

$

(0.14

)

 

$

0.09

 

 

$

(0.29

)

 

$

(0.04

)

Diluted net (loss) income per share

 

$

(0.14

)

 

$

0.09

 

 

$

(0.29

)

 

$

(0.04

)