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Computation of Basic and Diluted Net Loss Per Common Share
9 Months Ended
Sep. 28, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Common Share

9. 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 September 28, 2019 and September 29, 2018, potential shares from stock options, RSUs and Restricted Stock Awards (“RSAs”) totaling 1,182,083 and 1,436,320 shares, respectively, were excluded from the computation of diluted weighted average shares outstanding. For the nine months ended September 28, 2019 and September 29, 2018, potential shares from stock options, RSUs and Restricted Stock Awards (“RSAs”) totaling 1,144,817 and 1,253,843 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

 

 

Nine Months Ended

 

(in thousands except per share data)

 

September 28, 2019

 

 

September 29, 2018

 

 

September 28, 2019

 

 

September 29, 2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(1,785

)

 

$

(3,074

)

 

$

(7,252

)

 

$

(9,957

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock (basic)

 

 

13,768

 

 

 

11,925

 

 

 

13,682

 

 

 

11,732

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock (diluted)

 

 

13,768

 

 

 

11,925

 

 

 

13,682

 

 

 

11,732

 

Per share data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net loss per share

 

$

(0.13

)

 

$

(0.26

)

 

$

(0.53

)

 

$

(0.85

)

Diluted net loss per share

 

$

(0.13

)

 

$

(0.26

)

 

$

(0.53

)

 

$

(0.85

)