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Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 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 three quarters ended September 30, 2016 and October 2, 2015 was as follows:

 

 

 

For the Quarter Ended

 

 

For the Three Quarters Ended

 

(amounts in thousands, except per-share data)

 

Sept. 30, 2016

 

 

Oct. 2, 2015

 

 

Sept. 30, 2016

 

 

Oct. 2, 2015

 

Weighted-average number of shares outstanding

   during period

 

 

15,649

 

 

 

15,477

 

 

 

15,586

 

 

 

15,441

 

Common stock equivalents - incremental shares

   primarily under equity-based compensation plans

 

 

—

 

 

 

387

 

 

 

—

 

 

 

463

 

Number of shares on which diluted earnings

   per share is based

 

 

15,649

 

 

 

15,864

 

 

 

15,586

 

 

 

15,904

 

Net income (loss)

 

$

(16,183

)

 

$

2,071

 

 

$

(35,781

)

 

$

3,892

 

Net income (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(1.03

)

 

$

0.13

 

 

$

(2.30

)

 

$

0.25

 

Diluted

 

$

(1.03

)

 

$

0.13

 

 

$

(2.30

)

 

$

0.24

 

 

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 1.6 million and 0.9 million shares of common stock were outstanding at September 30, 2016 and October 2, 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.