Loss Per Share

Loss Per Share is calculated by dividing loss available to common shareholders by the weighted-average number of shares of common stock outstanding during each period. Diluted loss or earnings per share (“diluted EPS”) is calculated using loss or earnings available to common stockholders 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.

8. Loss Per Share (continued)

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



	Fiscal Quarter Ended
	March 29, 2016			March 31, 2015
Net loss (in thousands):	$	(2,373	)	$	(2,752	)
Shares:
Basic weighted average shares outstanding	27,721,792			29,843,204
Diluted weighted average number of shares outstanding	27,721,792			29,843,204
Loss per share:
Basic loss per share	$	(0.09	)	$	(0.09	)
Diluted loss per share	$	(0.09	)	$	(0.09	)

Potential common shares are excluded from the computation of diluted loss per share when the effect would be anti-dilutive. All potential common shares are anti-dilutive in periods of net loss. In the first quarters of 2016 and 2015, there were 2,971,093 and 3,225,078 outstanding options, respectively, excluded from the diluted loss per share calculation because they were anti-dilutive.