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Net Income (Loss) Per Share (Notes)
 6 Months Ended
Jun. 28, 2015
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 incurred net losses for the three and six months ended June 28, 2015 and June 29, 2014, 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
 
Six Months Ended
 
June 28, 2015
 
June 29, 2014
 
June 28, 2015
 
June 29, 2014
Basic and diluted net loss per share:
 
 
 
 
 
 
 
Net loss
$
(4,977
)
 
$
(1,932
)
 
$
(14,253
)
 
$
(9,361
)
Basic and diluted weighted average common shares outstanding
34,899,019

 
30,766,524

 
34,890,661

 
26,959,024

Basic and diluted net loss per share
$
(0.14
)
 
$
(0.06
)
 
$
(0.41
)
 
$
(0.35
)
Common shares excluded from diluted net loss per share computation (1)
10,019,107

 
9,947,956

 
10,019,107

 
9,947,956


(1)
Shares issuable upon conversion of 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.