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Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

4.

Net Income (Loss) Per Share

Basic and diluted earnings (loss) per share (EPS) for the quarters and two quarters ended June 30, 2017 and July 1, 2016 was as follows:

 

 

 

For the Quarter Ended

 

 

For the Two Quarters Ended

 

(amounts in thousands, except per-share data)

 

June 30, 2017

 

 

July 1, 2016

 

 

June 30, 2017

 

 

July 1, 2016

 

Weighted-average number of shares outstanding

   during period

 

 

15,142

 

 

 

15,584

 

 

 

15,219

 

 

 

15,554

 

Common stock equivalents from incremental shares

   under equity-based compensation plans

 

 

337

 

 

 

205

 

 

 

235

 

 

 

 

Number of shares on which diluted earnings

   per share is based

 

 

15,479

 

 

 

15,789

 

 

 

15,454

 

 

 

15,554

 

Net income (loss)

 

$

434

 

 

$

1,259

 

 

$

1,185

 

 

$

(19,598

)

Net income (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.03

 

 

$

0.08

 

 

$

0.08

 

 

$

(1.26

)

Diluted

 

$

0.03

 

 

$

0.08

 

 

$

0.08

 

 

$

(1.26

)

 

Weighted-average shares represent the average number of issued shares less treasury shares, and shares held in the Stock Trusts for the 2016 periods, and for the basic EPS calculations, unvested restricted stock.

Certain options representing 1.0 million and 1.3 million shares of common stock were outstanding at June 30, 2017 and July 1, 2016, respectively, but were not included in the computation of diluted earnings per share as their effect on the computation would have been anti-dilutive.