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Earnings Per Share
 12 Months Ended
Dec. 29, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
EPS is calculated by dividing (loss) income available to common shareholders by the weighted-average number of shares of common stock outstanding during each period. Diluted (loss) earnings per share ("diluted EPS") is calculated using (loss) income available to common shareholders divided by diluted weighted-average shares of common stock outstanding during each period. Potentially dilutive securities include shares of common stock underlying stock options and restricted common stock. Diluted EPS considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect.
The following table sets forth the computations of basic and dilutive (loss) earnings per share:
 
 
2015
 
2014
 
2013
Net (loss) income (in thousands)
 
$
(13,765
)
 
$
11,428

 
$
6,665

Shares:
 
 
 
 
 
 
Basic weighted average shares outstanding
 
28,938,901

 
29,717,304

 
26,406,904

Dilutive stock options and warrants
 
—

 
1,283,795

 
1,281,725

Diluted weighted average number of shares outstanding
 
28,938,901

 
31,001,099

 
27,688,629

(Loss) earnings per share:
 
 
 
 
 
 
Basic (loss) earnings per share
 
$
(0.48
)
 
$
0.38

 
$
0.25

Diluted (loss) earnings per share
 
$
(0.48
)
 
$
0.37

 
$
0.24


Potential common shares are excluded from the computation of diluted (loss) earnings per share when the effect would be anti-dilutive. All potential common shares are anti-dilutive in periods of net loss. The Company excluded 3,184,949; 247,427 and 17,000 outstanding options from the diluted (loss) earnings per share calculation for 2015, 2014 and 2013, respectively, as the options were anti-dilutive.