Quarterly report pursuant to Section 13 or 15(d)

Net (Loss) Income Per Share (Tables)

v3.19.2
Net (Loss) Income Per Share (Tables)
6 Months Ended
Jun. 29, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thirteen Weeks Ended

 

Twenty-Six Weeks Ended

 

 

    

June 29, 2019

    

June 30, 2018

    

June 29, 2019

    

June 30, 2018

    

Net income per share:

 

 

  

 

(As Restated)

 

 

  

 

(As Restated)

 

Numerator:

 

 

  

 

 

  

 

 

  

 

 

  

 

Net Loss

 

$

(1,457)

 

$

(797)

 

 

(5,038)

 

 

(229)

 

Dividends on Series A Convertible Preferred Stock

 

 

40

 

 

40

 

 

80

 

 

80

 

Net loss available to common shares

 

$

(1,497)

 

$

(837)

 

$

(5,118)

 

$

(309)

 

Denominator:

 

 

  

 

 

  

 

 

  

 

 

  

 

Weighted-average common shares outstanding (basic)

 

 

35,632

 

 

34,972

 

 

35,506

 

 

34,896

 

Common equivalent shares from common stock options, restricted stock, preferred stock and warrants

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Weighted-average common shares outstanding (diluted)

 

 

35,632

 

 

34,972

 

 

35,506

 

 

34,896

 

Basic and diluted net loss per share

 

$

(0.04)

 

$

(0.02)

 

$

(0.14)

 

$

(0.01)

 

 

Anti-Dilutive Securities Excluded from Calculation of Diluted Earnings Per Share

The anti-dilutive securities, which are excluded from the calculation of diluted earnings per share due to their anti-dilutive effect are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Thirteen Weeks Ended

 

Twenty-Six Weeks Ended

 

 

    

June 29, 2019

    

June 30, 2018

    

June 29, 2019

    

June 30, 2018

    

Performance stock units

 

651

 

343

 

332

 

384

 

Restricted stock units

 

248

 

504

 

289

 

515

 

Series A Convertible Preferred Stock

 

2,771

 

2,771

 

2,771

 

2,771

 

Options to purchase common stock

 

7,238

 

5,477

 

6,774

 

5,611

 

Total

 

10,908

 

9,095

 

10,166

 

9,281