EARNINGS PER SHARE (EPS)

12 Months Ended

Dec. 30, 2022

EARNINGS PER SHARE (EPS)

EARNINGS PER SHARE (EPS)

12. EARNINGS PER SHARE (“EPS”)

Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding. Diluted EPS is computed by dividing net income by the weighted-average number of common shares outstanding and dilutive potential common shares for the period. Potential common shares include the weighted-average dilutive effects of outstanding stock options and restricted stock awards using the treasury stock method.

The following table sets forth the number of weighted-average common shares outstanding used to compute basic and diluted EPS:

	Fiscal Year
	2022		2021		2020
	(in thousands, except per share amounts)
Net income (loss)	$	(8,448)	$	(8,417)	$	(14,496)
Weighted-average common shares outstanding		13,013		12,458		11,793
Effect of dilutive stock options and restricted stock awards		—		—		—
Weighted-average common shares outstanding-diluted		13,013		12,458		11,793
Earnings (Loss) per share:
Basic	$	(0.65)	$	(0.68)	$	(1.23)
Diluted	$	(0.65)	$	(0.68)	$	(1.23)

For the fiscal years 2022, 2021 and 2020, the Company reported a net loss, and accordingly, all outstanding equity awards have been excluded because including them would have been anti-dilutive.