Earnings Per Share

12 Months Ended

Jan. 02, 2016

Earnings Per Share

3. Earnings Per Share

Intevac calculates basic earnings per share (“EPS”) using net income (loss) and the weighted-average number of shares outstanding during the reporting period. Diluted EPS includes the effect from potential issuance of common stock pursuant to the exercise of employee stock options and vesting of RSUs.

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

	2015			2014			2013
	(in thousands, except per share amounts)
Net loss	$	(9,166	)	$	(27,445	)	$	(15,696	)
Weighted-average shares – basic		22,218			23,671			23,832
Effect of dilutive potential common shares		—			—			—
Weighted-average shares – diluted		22,218			23,671			23,832
Net loss per share – basic and diluted	$	(0.41	)	$	(1.16	)	$	(0.66	)

As the Company is in a net loss position, all of the Company’s equity instruments are considered antidilutive.