(

)

oss Per Share

Basic net income (loss) per share (EPS) is calculated by dividing net income or loss by the weighted average common shares outstanding during the period. Diluted EPS reflects the net incremental shares that would be issued if unvested restricted shares became vested and dilutive outstanding stock options were exercised, using the treasury stock method. In the case of a net loss, it is assumed that

incremental shares would be issued because they would be antidilutive. In addition, certain options are considered antidilutive because assumed proceeds from exercise price, related tax benefits and average future compensation was greater than the weighted average number of options outstanding multiplied by the average market price during the period. Shares excluded from the diluted EPS calculation because they would be anti-dilutive are as follows:

	Three Month Periods Ended				Nine Month Periods Ended
(In thousands)	December 2 8 , 201 9		December 29 , 201 8		December 29, 2018		December 29 , 201 8
Common shares issuable upon exercise of stock options		250		174		250		174
Restricted stock awards		10		23		10		23
Issuable shares for interest on loan		-		1		-		1
Common shares issuable upon conversion of convertible preferred stock		61		659		61		659
Common shares issuable upon exercise of warrants		169		230		169		230

The stock options, restricted stock, convertible preferred stocks and warrants are

not

included in the computation of diluted earnings per share (EPS) for the

nine

-month periods ended

December 28, 2019

and

December 29, 2018

because the Company reported a net loss and, therefore, the effect of these instruments would be anti-dilutive.