Basic and Diluted Net Income (Loss) Per Share

6 Months Ended

Jun. 29, 2018

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 8 — Basic and Diluted Net 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						Six Months Ended
	June 29, 2018			June 30, 2017			June 29, 2018			June 30, 2017
Numerator:
Net income (loss)	$	1,830		$	(971	)	$	2,413		$	(3,174	)
Denominator:
Weighted average common shares:
Common shares outstanding		41,734			40,954			41,579			40,862
Less:   Unrestricted stock		(11	)		(21	)		(11	)		(21	)
Denominator for basic calculation		41,723			40,933			41,568			40,841
Weighted average effects of potentially dilutive common stock:
Stock options		2,037			—			1,800			—
Unvested restricted stock		17			—			17			—
Restricted stock units		222			—			269			—
Warrants		—			—			—			—
Denominator for diluted calculation		43,999			40,933			43,654			40,841
Net income (loss) per share:
Basic	$	0.04		$	(0.02	)	$	0.06		$	(0.08	)
Diluted	$	0.04		$	(0.02	)	$	0.06		$	(0.08	)

Because the Company had a net loss for the three months and six months ended June 30, 2017, the number of diluted shares is equal to the number of basic shares. Outstanding options and warrants to purchase common stock, restricted stock and restricted stock units would have had an anti-dilutive effect on diluted per share amounts.

The following table sets forth (in thousands) the weighted average number of options and warrants to purchase shares of common stock, restricted stock, and restricted stock units with either exercise prices or unrecognized compensation cost per share greater than the average market price per share of the Company’s common stock, which were not included in the calculation of diluted per share amounts because the effects would be anti-dilutive.

	Three Months Ended				Six Months Ended
	June 29, 2018		June 30, 2017		June 29, 2018		June 30, 2017
Options		554		3,225		539		2,953
Restricted stock and restricted stock units		2		111		1		144
Total		556		3,336		540		3,097