Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

v2.4.0.6
Net Loss Per Share
 12 Months Ended
Dec. 29, 2012
Net Loss Per Share [Abstract]  
Net Loss Per Share

Note 9 – Net Loss Per Share

Net loss per share has been computed in accordance with ASC 260 Earnings per Share. The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share data):

 

                         
    Fifty-Two Weeks Ended  
    December 29,
2012		     December 31,
2011		     January 1,
2011		  

Net loss per share:

                        

Numerator:

                        

Net loss

     $ (35,978 )     $ (15,137 )     $ (13,926 )

Denominator:

                        

Weighted-average common shares outstanding (basic)

     30,818       30,546       30,269  

Common equivalent shares from common stock options and warrants

     —         —         —    
   

 

 

    

 

 

    

 

 

  

Weighted-average common shares outstanding (diluted)

     30,818       30,546       30,269  
   

 

 

    

 

 

    

 

 

  

Basic and diluted net loss per share

   $ (1.17 )   $ (0.50 )   $ (0.46 )

The weighted-average anti-dilutive securities, which are excluded from the calculation of diluted earnings per share due to the Company’s net loss position for the periods then ended (including securities that would otherwise be excluded from the calculation of diluted earnings per share due the Company’s stock price), are as follows (in thousands):

 

                         
    Fifty-Two Weeks Ended  
    December 29,
2012		     December 31,
2011		     January 1,
2011		  

Common stock warrants

     50       50       50  

Options to purchase common stock

     7,642       7,209       6,693  
   

 

 

    

 

 

    

 

 

  

Total

     7,692       7,259       6,743