Net Income Per Common Share

6 Months Ended

Jul. 01, 2017

Earnings Per Share [Abstract]

Net Income per Common Share

Net (Loss) Income per Common Share

The components of basic and diluted net (loss) income per share were as follows (in thousands, except per share amounts):

	Three Months Ended					Six Months Ended
	July 1, 2017			July 2, 2016		July 1, 2017		July 2, 2016
Net (loss) income	$	(778	)	$	1,416	$	23,683	$	14,385
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	41,716			46,394		42,233		47,247
Dilutive effect of stock-based awards	—			650		847		698
Diluted weighted-average shares outstanding	41,716			47,044		43,080		47,945
Net (loss) income per share – basic	$	(0.02	)	$	0.03	$	0.56	$	0.30
Net (loss) income per share – diluted	$	(0.02	)	$	0.03	$	0.55	$	0.30

For the three months ended July 1, 2017, potentially dilutive stock-based awards have been excluded from the calculation of diluted weighted-average shares outstanding, as their inclusion would have had an anti-dilutive effect on our net loss per diluted share. For the six months ended July 1, 2017 and the three and six months ended July 2, 2016, anti-dilutive stock-based awards excluded from the diluted net income per share calculations were immaterial.