Net Income Per Share

9 Months Ended

Sep. 27, 2017

NET (LOSS) INCOME PER SHARE

Basic net (loss) income per share is calculated using the weighted-average number of shares of common stock outstanding during the thirteen weeks ended September 27, 2017 and September 28, 2016. Diluted net (loss) income per share is calculated using the weighted-average number of shares of common stock outstanding and potentially dilutive during the period, using the treasury stock method.

Below are basic and diluted net (loss) income per share data for the periods indicated, which are in thousands except for per share data.



	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	September 27, 2017				September 28, 2016		September 27, 2017		September 28, 2016
Numerator:
Net (loss) income	$	(4,039	)		$	5,211	$	8,657	$	17,921
Denominator:
Weighted-average shares outstanding—basic	38,462,100				38,415,189		38,449,453		38,331,400
Weighted-average shares outstanding—diluted	38,462,100			(a)	39,083,577		39,101,214		39,020,127
Net (loss) income per share—basic	$	(0.11	)		$	0.14	$	0.23	$	0.47
Net (loss) income per share—diluted	$	(0.11	)		$	0.13	$	0.22	$	0.46
Anti-dilutive securities not considered in diluted EPS calculation	2,490,029				451,325		749,421		451,325

(a) Due to a loss for the period, zero incremental shares are included because the effect would be antidilutive.

Below is a reconciliation of basic and diluted share counts.



	Thirteen Weeks Ended			Thirty-Nine Weeks Ended
	September 27, 2017		September 28, 2016	September 27, 2017	September 28, 2016
Weighted-average shares outstanding— basic	38,462,100		38,415,189	38,449,453	38,331,400
Dilutive effect of stock options and restricted shares	—	(a)	668,388	651,761	688,727
Weighted-average shares outstanding— diluted	38,462,100		39,083,577	39,101,214	39,020,127

(a) Due to a loss for the period, zero incremental shares are included because the effect would be antidilutive.