Earnings Per Share

Basic net income per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding and unvested restricted stock for the reporting period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted net income per share, the basic weighted average number of shares is increased by the dilutive effect of stock options determined using the treasury stock method. Stock options excluded from the computation of net income per share for the quarter ended March 14, 2018 include 1,269,299 shares with exercise prices exceeding market prices and no shares whose inclusion would also be anti-dilutive.

The components of basic and diluted net loss per share are as follows:



	Quarter Ended						Two Quarters Ended
	March 14, 2018			March 15, 2017			March 14, 2018			March 15, 2017
	(12 weeks)			(12 weeks)			(28 weeks)			(28 weeks)
	(In thousands, expect per share data)
Numerator:
Loss from continuing operations	$	(11,074	)	$	(12,836	)	$	(15,941	)	$	(18,350	)
Loss from discontinued operations, net of income taxes	(111		)	(343		)	(146		)	(415		)
NET LOSS	$	(11,185	)	$	(13,179	)	$	(16,087	)	$	(18,765	)
Denominator:
Denominator for basic earnings per share—weighted-average shares	29,950			29,522			29,802			29,418
Effect of potentially dilutive securities:
Employee and non-employee stock options	—			—			—			—
Denominator for earnings per share assuming dilution	29,950			29,522			29,802			29,418
Loss per share from continuing operations:
Basic	$	(0.37	)	$	(0.44	)	$	(0.53	)	$	(0.62	)
Assuming dilution	$	(0.37	)	$	(0.44	)	$	(0.53	)	$	(0.62	)
Loss per share from discontinued operations:
Basic	$	(0.00	)	$	(0.01	)	$	(0.01	)	$	(0.02	)
Assuming dilution	$	(0.00	)	$	(0.01	)	$	(0.01	)	$	(0.02	)
Net loss per share:
Basic	$	(0.37	)	$	(0.45	)	$	(0.54	)	$	(0.64	)
Assuming dilution	$	(0.37	)	$	(0.45	)	$	(0.54	)	$	(0.64	)