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Earnings (Loss) Per Share
 9 Months Ended
Sep. 27, 2016
Earnings Per Share [Abstract]  
Loss Per Share arnings (Loss) Per Share
Basic earnings per share (“EPS”) is calculated by dividing net income (loss) available to common shareholders by the weighted-average number of shares of common stock outstanding during each period. Diluted EPS is calculated using net income (loss) 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.
The following table sets forth the computations of basic and diluted EPS (in thousands, except share and per share data):
 
 
Fiscal Quarter Ended
 
Three Fiscal Quarters Ended
 
 
September 27,
2016
 
September 29,
2015
 
September 27,
2016
 
September 29,
2015
Net loss
 
$
(9,841
)
 
$
(9,821
)
 
$
(26,301
)
 
$
(9,511
)
Shares:
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
27,802,020

 
28,253,859

 
27,786,827

 
29,349,061

Effect of dilutive securities
 
—

 
—

 
—

 
—

Diluted weighted average shares outstanding
 
27,802,020

 
28,253,859

 
27,786,827

 
29,349,061

Loss per share:
 
 
 
 
 
 
 
 
Basic loss per share
 
$
(0.35
)
 
$
(0.35
)
 
$
(0.95
)
 
$
(0.32
)
Diluted loss per share
 
$
(0.35
)
 
$
(0.35
)
 
$
(0.95
)
 
$
(0.32
)


The Company computes the effect of dilutive securities using the treasury stock method and average market prices during the period. Potential common shares are excluded from the computation of diluted earnings (loss) per share when the effect would be anti-dilutive. All potential common shares are anti-dilutive in periods of net loss. The number of shares issuable on the exercise of share based awards excluded from the calculation of diluted loss per share because the effect of their inclusion would have been anti-dilutive totaled 2,813,079 and 2,837,962 for the third quarters of 2016 and 2015, respectively, and totaled 1,494,700 and 2,837,962 for first three quarters of 2016 and 2015, respectively.