Net income per common share

3 Months Ended

Jun. 27, 2020

Net income per common share

Net income per common share

4. Net loss per common share

Basic net loss per common share is computed as net loss divided by the weighted-average number of common shares for the period. Net loss per common share – diluted is computed as net loss divided by the weighted-average number of common shares for the period plus common stock equivalents consisting of shares subject to stock-based awards with exercise prices less than or equal to the average market price of the Company’s common stock for the period, to the extent their inclusion would be dilutive. Potentially dilutive securities are excluded from the computation of net loss per common share – diluted if their effect is anti-dilutive.

The following is a reconciliation of net loss and the number of shares used in the basic and diluted net loss per common share calculations:

	Thirteen Weeks Ended
	June 27,		June 29,
	2020		2019
Numerator:
Net loss	$	(16,670)	$	(4,099)
Denominator:
Weighted-average common shares — basic and diluted		48,389,205		48,231,148
Net loss per common share — basic and diluted	$	(0.34)	$	(0.08)
Antidilutive securities not included:
Stock options outstanding		2,545,383		2,497,573
Nonvested restricted stock awards		674,176		197,687