Net (Loss) Income per Common Share

6 Months Ended

Jun. 27, 2020

Earnings Per Share [Abstract]

Net (Loss) 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
	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Net (loss) income	$	(12,630)	$	4,280	$	26,510	$	29,698
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	27,923		29,873		27,890		30,247
Dilutive effect of stock-based awards	—		658		633		887
Diluted weighted-average shares outstanding	27,923		30,531		28,523		31,134
Net (loss) income per share – basic	$	(0.45)	$	0.14	$	0.95	$	0.98
Net (loss) income per share – diluted	$	(0.45)	$	0.14	$	0.93	$	0.95

For the three months ended June 27, 2020, 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 three months ended June 29, 2019 and the six months ended June 27, 2020 and June 29, 2019, anti-dilutive stock-based awards excluded from the diluted net income per share calculations were immaterial.