Earnings Per Share Applicable to Common Stockholders (Tables)

3 Months Ended

Apr. 02, 2016

Earnings Per Share Applicable To Common Stockholders

Earnings per share amounts applicable to common stockholders

The following table sets forth the computations of earnings per share amounts applicable to common stockholders for the three months ended April 2, 2016 and April 4, 2015:

	Three Months Ended
	April 2, 2016		April 4, 2015
Net income (loss)	$	255,625	$	(1,025,515	)
Basic weighted average common shares outstanding (1):		36,414,041		35,732,866
Basic earnings (loss) per common share	$	0.01	$	(0.03	)
Dilutive effect of stock options, net		1,024,428		—
Dilutive effect of warrants, net		34,110		—
Diluted weighted average common shares outstanding :		37,472,579		35,732,866
Diluted earnings (loss) per common share	$	0.01	$	(0.03	)
Potentially dilutive securities, total (2):
Stock options		5,203,419		4,715,657
Warrants		487,110		156,340
Convertible debt (3)		257,798		257,798

(1) Includes 373,289 and 518,029 weighted average nonvested shares of restricted stock for the three months ended April 2, 2016 and April 4, 2015, respectively, which are participating securities that feature voting and dividend rights.

(2) Excluded from the computation of diluted loss per share for the three month period ended April 4, 2015 as their impact is antidilutive.

(3) Excluded from the computation of diluted earnings per share for the three month period ended April 2, 2016 as its impact is antidilutive.