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Computation of Basic and Diluted Net (Loss) Income Per Common Share (Tables)
6 Months Ended
Jul. 02, 2022
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator of Basic and Diluted Net Loss Per Common Share

A reconciliation of the numerator and denominator of basic and diluted net loss per common share is provided as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(in thousands except per share data)

 

July 2, 2022

 

 

July 3, 2021

 

 

July 2, 2022

 

 

July 3, 2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(2,241

)

 

$

1,393

 

 

$

(4,632

)

 

$

(617

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock (basic)

 

 

15,894

 

 

 

15,647

 

 

 

15,888

 

 

 

14,996

 

Effect of dilutive stock options

 

 

 

 

 

427

 

 

 

 

 

 

 

Effect of dilutive RSUs

 

 

 

 

 

233

 

 

 

 

 

 

 

Weighted average shares of common stock (diluted)

 

 

15,894

 

 

 

16,307

 

 

 

15,888

 

 

 

14,996

 

Per share data:

 

 

 

 

 

 

 

 

 

 

 

 

Basic net (loss) income per share

 

$

(0.14

)

 

$

0.09

 

 

$

(0.29

)

 

$

(0.04

)

Diluted net (loss) income per share

 

$

(0.14

)

 

$

0.09

 

 

$

(0.29

)

 

$

(0.04

)