Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2017

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 ended March 31, 2017 and April 1, 2016 was as follows:

	For the Quarter Ended
(amounts in thousands, except per-share data)	March 31, 2017		April 1, 2016
Weighted-average number of shares outstanding    during period		15,296		15,524
Common stock equivalents from incremental shares    under equity-based compensation plans		134		—
Number of shares on which diluted earnings    per share is based		15,430		15,524
Net income (loss)	$	751	$	(20,857	)
Net income (loss) per share
Basic	$	0.05	$	(1.34	)
Diluted	$	0.05	$	(1.34	)

Weighted-average shares represent the average number of issued shares less treasury shares and shares held in the Stock Trusts as of April 1, 2016, and for the basic EPS calculations, unvested restricted stock.

Certain options representing 1.5 million and 1.0 million shares of common stock were outstanding at March 31, 2017 and April 1, 2016, respectively, but were not included in the computation of diluted earnings per share as their effect on the computation would have been anti-dilutive.