Basic and Diluted Net Income (Loss) Per Share

12 Months Ended

Jan. 03, 2020

Basic and Diluted Net Income (Loss) Per Share

Note 16 — Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands except per share amounts):

	Years Ended
	2019			2018			2017
Numerator:
Net income (loss)	$	14,048		$	4,968		$	(2,139	)
Denominator:
Weighted average common shares:
Common shares outstanding		44,504			42,598			41,025
Less: Unvested restricted stock		(11	)		(11	)		(21	)
Denominator for basic calculation		44,493			42,587			41,004
Weighted average effects of potentially diluted common stock:
Stock options		2,254			2,360			—
Unvested restricted stock		6			10			—
Restricted stock units		142			300			—
Denominator for diluted calculation		46,895			45,257			41,004
Net income (loss) per share:
Basic	$	0.32		$	0.12		$	(0.05	)
Diluted	$	0.30		$	0.11		$	(0.05	)

Note 16 — Basic and Diluted Net Income (Loss) Per Share (Continued)

Because the Company had a net loss for the year ended 2017, the number of diluted shares is equal to the number of basic shares. Outstanding options, restricted stock and restricted stock units would have had an anti-dilutive effect on diluted per share amounts. The following table sets forth (in thousands) the weighted average number of options to purchase shares of common stock, restricted stock, and restricted stock units with either exercise prices or unrecognized compensation cost per share greater than the average market price per share of the Company’s common stock, which were not included in the calculation of diluted per share amounts because the effects would be anti-dilutive.

	Years Ended
	2019		2018		2017
Stock options		1,503		315		2,237
Restricted stock and restricted stock units		—		—		203
Total		1,503		315		2,440