Earnings (Loss) Per Share

3 Months Ended

Mar. 28, 2020

NOTE 14. Earnings (Loss) Per Share

Basic earnings (loss) per share is calculated using the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed in the same manner and also gives effect to all dilutive common stock equivalent shares outstanding during the period. Potential common shares that would have the effect of increasing diluted earnings per share are considered to be anti-dilutive. In accordance with U.S. GAAP, these shares were not included in calculating diluted earnings per share. For the three months ended March 28, 2020, all weighted average outstanding stock options and restricted stock units totaling 1,087, were excluded from the computation of diluted loss per share because the effect in the period

would be anti-dilutive. For the three months ended March 31, 2019, the weighted average number of restricted stock units excluded from the computation of diluted earnings per share were 167.

The Company’s basic and diluted earnings per share amounts are as follows:

	Three Months Ended
	March 28,			March 31,
	2020			2019
Numerator:
Net (loss) income	$	(4,404	)	$	7,576
Denominator:
Basic (loss) earnings per share - weighted average shares outstanding		50,121			24,863
Effect of potential dilutive securities:
Employee stock options and restricted stock units - dilutive shares		—			281
Diluted (loss) earnings per share - weighted average shares outstanding		50,121			25,144
(Loss) earnings per share:
Basic	$	(0.09	)	$	0.30
Diluted	$	(0.09	)	$	0.30