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Net Income (Loss) Per Share
 6 Months Ended
Jul. 01, 2016
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

4.

Net Income (Loss) Per Share

Basic and diluted earnings (loss) per share (EPS) for the quarters and two quarters ended July 1, 2016 and July 3, 2015 was as follows:

 

 

 

For the Quarter Ended

 

 

For the Two Quarters Ended

 

(amounts in thousands, except per-share data)

 

July 1, 2016

 

 

July 3, 2015

 

 

July 1, 2016

 

 

July 3, 2015

 

Weighted-average number of shares outstanding

   during period

 

 

15,584

 

 

 

15,439

 

 

 

15,554

 

 

 

15,423

 

Common stock equivalents - incremental shares

   primarily under equity-based compensation plans

 

 

205

 

 

 

480

 

 

 

—

 

 

 

500

 

Number of shares on which diluted earnings

   per share is based

 

 

15,789

 

 

 

15,919

 

 

 

15,554

 

 

 

15,923

 

Net income (loss)

 

$

1,259

 

 

$

554

 

 

$

(19,598

)

 

$

1,821

 

Net income (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.08

 

 

$

0.04

 

 

$

(1.26

)

 

$

0.12

 

Diluted

 

$

0.08

 

 

$

0.03

 

 

$

(1.26

)

 

$

0.11

 

 

Weighted-average shares represent the average number of issued shares less treasury shares and shares held in the Stock Trusts, and for the basic EPS calculations, unvested restricted stock.

Certain options representing 1.3 million and 0.6 million shares of common stock were outstanding at July 1, 2016 and July 3, 2015, respectively, but were not included in the computation of diluted earnings per share as their effect on the computation would have been anti-dilutive.