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 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 and two quarters ended March 13, 2019 include 1,464,010 shares with exercise prices exceeding market prices 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 13, 2019			March 14, 2018			March 13, 2019			March 14, 2018
	(12 weeks)			(12 weeks)			(28 weeks)			(28 weeks)
	(In thousands, expect per share data)
Numerator:
Income (loss) from continuing operations	$	6,640		$	(11,461	)	$	(843	)	$	(16,963	)
Loss from discontinued operations, net of income taxes	(8		)	(110		)	(13		)	(145		)
NET INCOME (LOSS)	$	6,632		$	(11,571	)	$	(856	)	$	(17,108	)
Denominator:
Denominator for basic earnings per share—weighted-average shares	29,769			29,950			29,671			29,802
Effect of potentially dilutive securities:
Employee and non-employee stock options	30			—			—			—
Denominator for earnings per share assuming dilution	29,799			29,950			29,671			29,802
Income (loss) per share from continuing operations:
Basic	$	0.22		$	(0.38	)	$	(0.03	)	$	(0.57	)
Assuming dilution	$	0.22		$	(0.38	)	$	(0.03	)	$	(0.57	)
Loss per share from discontinued operations:
Basic	$	(0.00	)	$	(0.01	)	$	(0.00	)	$	(0.00	)
Assuming dilution	$	(0.00	)	$	(0.01	)	$	(0.00	)	$	(0.00	)
Net income (loss) per share:
Basic	$	0.22		$	(0.39	)	$	(0.03	)	$	(0.57	)
Assuming dilution	$	0.22		$	(0.39	)	$	(0.03	)	$	(0.57	)