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Earnings (Loss) Per Share
 3 Months Ended
Apr. 04, 2017
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 stockholders 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, warrants 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
 
 
April 4,
2017
 
March 29,
2016
Net loss attributable to common stockholders
 
$
(27,810
)
 
$
(2,373
)
Shares:
 
 
 
 
Basic weighted average shares outstanding
 
28,073,333

 
27,721,792

Effect of dilutive securities
 
—

 
—

Diluted weighted average shares outstanding
 
28,073,333

 
27,721,792

Loss per share:
 
 
 
 
Basic loss per share
 
$
(0.99
)
 
$
(0.09
)
Diluted loss per share
 
$
(0.99
)
 
$
(0.09
)


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 vesting or exercise of share based awards or exercise of outstanding warrants and the shares underlying the 18,500 shares of convertible preferred stock excluded from the calculation of diluted loss per share because the effect of their inclusion would have been anti-dilutive totaled 7,670,529 and 2,971,093 for the first quarters of 2017 and 2016, respectively.