Net Income Per Share

6 Months Ended

Jul. 02, 2017

Net (Loss) Income Per Share

Basic net (loss) income per share was computed by dividing net (loss) income amounts by the weighted average number of common shares outstanding.

The weighted average number of shares used to calculate basic and diluted net (loss) income per share were as follows:



	Three Months Ended		Six Months Ended
	July 2, 2017	July 3, 2016	July 2, 2017	July 3, 2016
Common stock:
Weighted average basic shares outstanding	245,261	265,915	245,933	268,065
Dilutive effect of stock options and restricted shares	—	4,350	7,963	4,442
Weighted average diluted shares outstanding	245,261	270,265	253,896	272,507

Diluted net (loss) income per share for the three and six months ended July 2, 2017 and July 3, 2016 was computed by dividing net (loss) income by the weighted average number of basic shares outstanding plus the potential common share effect of dilutive stock options and restricted shares. Diluted net loss per share for the three months ended July 2, 2017 was the same as basic net loss per share since the Company reported a net loss and, therefore, the effect of all potentially dilutive securities would have been anti-dilutive. For the six months ended July 2, 2017, we excluded 119 of potential common shares from our diluted net income per share calculation as they would have had anti-dilutive effects. For the three and six months ended July 3, 2016, we excluded 259 and 1,992, respectively, of potential common shares from our diluted net income per share calculation as they would have had anti-dilutive effects.