Computation of Basic and Diluted Net Income Per Common Share

12 Months Ended

Jan. 02, 2016

Computation of Basic and Diluted Net Income Per Common Share

14. Computation of Basic and Diluted Net Income Per Common Share

A reconciliation of the numerator and denominator of basic and diluted net income per common share is provided as follows (in thousands, except per share amounts):

	FY 2015 Year Ended January 2, 2016		FY 2014 Year Ended January 3, 2015		FY 2013 Year Ended December 28, 2013
Numerator:
Net income	$	474	$	10,038	$	2,231
Denominator:
Weighted average shares of common stock (basic)		9,962		9,892		9,245
Effect of dilutive preferred shares		—		—		448
Effect of dilutive stock options		154		291		291
Effect of dilutive contingent shares		12		174		120
Weighted average shares of common stock (diluted)		10,128		10,357		10,104
Per share data:
Basic net income per share	$	0.05	$	1.01	$	0.24
Diluted net income per share	$	0.05	$	0.97	$	0.22

As of January 2, 2016 and January 3, 2015, stock options to purchase 249,064 and 116,320 shares, respectively, were excluded from the computation of diluted weighted average shares outstanding because to do so would have been anti-dilutive.