Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v2.4.0.6
Net Loss Per Share
 3 Months Ended
Mar. 30, 2013
Net Loss Per Share [Abstract]  
Net Loss Per Share

Note 8 – 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):

 

                 
    Thirteen Weeks Ended  
    March 30,
2013 		    March 31,
2012 		 

Net loss per share:

                

Numerator:

                

Net loss

   $ (3,343 )   $ (788 )

Denominator:

                

Weighted-average common shares outstanding (basic)

     31,141       30,638  

Common equivalent shares from common stock options, warrants and Series A Convertible Preferred Stock

     —         —    
   

 

 

    

 

 

  

Weighted-average common shares outstanding (diluted)

     31,141       30,638  
   

 

 

    

 

 

  

Basic and diluted net loss per share

   $ (0.11 )   $ (0.03 )

 

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 to the Company’s stock price), are as follows (in thousands):

 

                 
    Thirteen Weeks
Ended March 30,
2013		     Thirteen Weeks
Ended March 31,
2012		  

Common stock warrants

     50       20  

Series A Convertible Preferred Stock

     174       —    

Options to purchase common stock

     7,401       4,365  
   

 

 

    

 

 

  

Total

     7,625       4,385