Computation of Basic and Diluted Net Loss Per Common Share

3 Months Ended

Apr. 01, 2017

Computation of Basic and Diluted Net Loss Per Common Share

8. Computation of Basic and Diluted Net Loss Per Common Share

Basic and diluted net loss per share is based upon the weighted average number of common shares outstanding during the period. Common stock equivalents consist of incremental common shares issuable upon the exercise of stock options, and the release (vesting) of restricted stock units and awards and are calculated under the treasury stock method. Common stock equivalent shares from unexercised stock options, and unvested restricted stock units and awards are excluded from the computation for periods in which we incur a net loss or if the exercise price of such options is greater than the average market price of our common stock for the period as their effect would be anti-dilutive.

For the three months ended April 1, 2017 and April 2, 2016, stock options to purchase 799,016 and 205,012 shares, respectively, were excluded from the computation of diluted weighted average shares outstanding.

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


	Three Months Ended
	April 1, 2017			April 2, 2016
Numerator:
Net (loss) income	$	(1,866	)	$	101
Denominator:
Weighted average shares of common stock (basic)		11,518			10,034
Effect of dilutive preferred shares
Effect of dilutive stock options		—			86
Effect of dilutive contingent shares		—			20
Weighted average shares of common stock (diluted)		11,518			10,140
Per share data:
Basic net (loss) income per share	$	(0.16	)	$	0.01
Diluted net (loss) income per share	$	(0.16	)	$	0.01