Basic and Diluted Income (Loss) Per Share

3 Months Ended

Apr. 04, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 8 — Basic and Diluted Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands except per share amounts):

	Three Months Ended
	April 4, 2014		March 29, 2013
Numerator:
Net income (loss)	$	(1,359)	$	471
Denominator:
Weighted average common shares and denominator for basic calculation:
Weighted average common shares outstanding		38,116		36,660
Less: Unvested restricted stock		322		233
Denominator for basic calculation		37,794		36,427
Weighted average effects of potentially dilutive common stock:
Stock options		—		522
Warrants		—		400
Restricted stock		—		69
Denominator for diluted calculation		37,794		37,418
Net income (loss) per share – basic	$	(0.04)	$	0.01
Net income (loss) per share – diluted	$	(0.04)	$	0.01

For the three months ended April 4, 2014, stock options, warrants, restricted stock and restricted stock units totaling approximately 2,798,000 weighted-average shares of common stock were excluded from the calculation of diluted loss per share, as the effect of including them would have been anti-dilutive, as it would have reduced the loss per share.

For the three months ended March 29, 2013, stock options to purchase approximately 2,035,000 weighted- average common shares and 98,000 weighted-average restricted stock were not included in the computation of diluted earnings per share because the effect of including them would have been anti-dilutive.