Computation of Basic and Diluted Net Loss Per Common Share

9 Months Ended

Sep. 26, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Loss Per Common Share

10. Computation of Basic and Diluted Net Loss Per Common Share

Basic and diluted net loss per share is based upon the weighted average number of common shares outstanding during the period. Common stock equivalents consist of incremental common shares issuable upon the exercise of stock options, and the release (vesting) of restricted stock units and awards and are calculated under the treasury stock method. Common stock equivalent shares from unexercised stock options, and unvested restricted stock units and awards are excluded from the computation for periods in which we incur a net loss or if the exercise price of such options is greater than the average market price of our common stock for the period as their effect would be anti-dilutive.

For the three months ended September 26, 2020 and September 28, 2019, potential shares from stock options and RSUs totaling 1,392,132 and 1,182,083 shares, respectively, were excluded from the computation of diluted weighted average shares outstanding. For the nine months ended September 26, 2020 and September 28, 2019, potential shares from stock options and RSUs totaling 1,292,871 and 1,144,817 shares, respectively, were excluded from the computation of diluted weighted average shares outstanding.

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

	Three Months Ended						Nine Months Ended
(in thousands except per share data)	September 26, 2020			September 28, 2019			September 26, 2020			September 28, 2019
Numerator:
Net loss	$	(1,719	)	$	(1,785	)	$	(6,150	)	$	(7,252	)
Denominator:
Weighted average shares of common stock (basic)		13,893			13,768			13,824			13,682
Weighted average shares of common stock (diluted)		13,893			13,768			13,824			13,682
Per share data:
Basic net loss per share	$	(0.12	)	$	(0.13	)	$	(0.44	)	$	(0.53	)
Diluted net loss per share	$	(0.12	)	$	(0.13	)	$	(0.44	)	$	(0.53	)