Net Income (Loss) Per Share (Notes)

3 Months Ended

Mar. 30, 2014

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Loss per Share

The Company applies the two-class method to calculate and present net loss per share. The Company's non-vested share awards and Series A Convertible Preferred Stock issued to BKC contain non-forfeitable rights to dividends and are considered participating securities for purposes of computing net loss per share pursuant to the two-class method. Under the two-class method, net earnings are reduced by the amount of dividends declared (whether paid or unpaid) and the remaining undistributed earnings are then allocated to common stock and participating securities, based on their respective rights to receive dividends. However, as the Company has incurred net losses for the three months endedMarch 30, 2014 and March 31, 2013, and as those losses are not allocated to the participating securities under the two-class method, such method is not applicable for the aforementioned reporting periods.

Basic net loss per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding for the reporting period. Diluted net loss per share reflects additional shares of common stock outstanding, where applicable, calculated using the treasury stock method or the two-class method.

The following table sets forth the calculation of basic and diluted net loss per share:

	Three Months Ended
	March 30, 2014			March 31, 2013
Basic and diluted net loss per share:
Net loss	$	(7,429	)	$	(5,199	)
Basic and diluted weighted average common shares outstanding	23,151,523			22,868,894
Basic and diluted net loss per share	$	(0.32	)	$	(0.23	)
Common shares excluded from diluted net loss per share computation (1)	9,950,261			10,188,883

(1) Shares subject to preferred stock and non-vested shares were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive.