Computation of Basic and Diluted Net Income Per Common Share

12 Months Ended

Dec. 31, 2016

Computation of Basic and Diluted Net Income Per Common Share

15. 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 2016			FY 2015		FY 2014
	Year Ended			Year Ended		Year Ended
	December 31, 2016			January 2, 2016		January 3, 2015
Numerator:
Net (loss) income	$	(11,713	)	$	474	$	10,038
Denominator:
Weighted average shares of common stock (basic)		10,173			9,962		9,892
Effect of dilutive preferred shares		—			—		—
Effect of dilutive stock options		—			154		291
Effect of dilutive contingent shares		—			12		174
Weighted average shares of common stock (diluted)		10,173			10,128		10,357
Per share data:
Basic net (loss) income per share	$	(1.15	)	$	0.05	$	1.01
Diluted net (loss) income per share	$	(1.15	)	$	0.05	$	0.97

As of December 31, 2016, January 2, 2016 and January 3, 2015 stock options to purchase 470,985, 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.