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Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share Earnings (Loss) Per Share

Basic earnings (loss) 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 RSUs. 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
 
Two Fiscal Quarters Ended
 
 
June 30,
2020
 
July 2,
2019
 
June 30,
2020
 
July 2,
2019
Net (loss) income
 
$
(13,478
)
 
$
438

 
$
(19,313
)
 
$
(1,413
)
Shares:
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
44,212,751

 
43,964,175

 
44,177,648

 
43,955,580

Effect of dilutive securities
 
—

 
1,111,713

 
—

 
—

Diluted weighted average shares outstanding
 
44,212,751

 
45,075,888

 
44,177,648

 
43,955,580

(Loss) earnings per share:
 
 
 
 
 
 
 
 
Basic (loss) earnings per share
 
$
(0.30
)
 
$
0.01

 
$
(0.44
)
 
$
(0.03
)
Diluted (loss) earnings per share
 
$
(0.30
)
 
$
0.01

 
$
(0.44
)
 
$
(0.03
)


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 per share when the effect would be anti-dilutive. The shares issuable on the vesting or exercise of share-based awards or exercise of outstanding warrants that were excluded from the calculation of diluted earnings (loss) per share because the effect of their inclusion would have been anti-dilutive totaled 4,142,754 and 1,297,255 for the second quarter of 2020 and 2019, respectively, and totaled 3,309,278 and 3,229,030 for the first two quarters of 2020 and 2019, respectively.