Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v2.4.0.8
Net Income (Loss) Per Share
 3 Months Ended
Mar. 29, 2014
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

Note 8 – Net Income (Loss) Per Share

Net income (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 income (loss) per share:

 

Net Income Loss) per share    Thirteen Weeks Ended  
Numerator    March 29,
2014		      March 30,
2013		  

Net income (loss)

    $ 201       $ (3,343 ) 

Less: Preferred stock dividends

      59         —     
  

 

 

     

 

 

  

Net income (loss) available to common stockholders

      142         (3,343 ) 

Denominator:

      

Weighted-average common shares outstanding (basic)

      33,384         31,141   

Common equivalent shares from common stock options, warrants and unvested RSUs

      774         —     
  

 

 

     

 

 

  

Weighted-average common shares outstanding (diluted)

      34,158         31,141   
  

 

 

     

 

 

  

Basic net income (loss) per share

    $ 0.00         (0.11 ) 

Diluted net income (loss) per share

    $ 0.00         (0.11 ) 

For the thirteen weeks ended March 29, 2014, we excluded certain common stock warrants, Series A Convertible Preferred Stock, and stock options from the calculation of diluted income per share as they would have had an anti-dilutive effect on earnings per share. As we incurred a net loss for the thirteen weeks ended March 30, 2013, we have not computed the diluted earnings per share, as the potentially dilutive securities would have an anti-dilutive effect on earnings. The weighted-average anti-dilutive securities, which are excluded from the calculation of diluted earnings per share, are as follows:

 

     Thirteen Weeks
Ended March 29,
2014		      Thirteen Weeks
Ended March 30,
2013		  

Common stock warrants

      20         50   

Series A Convertible Preferred Stock

      4,150         174  

Options to purchase common stock

      3,418         7,401   
  

 

 

     

 

 

  

Total

      7,588         7,625   
  

 

 

     

 

 

  

Common shares issued for nominal consideration, if any, would be included in the per share calculations as if they were outstanding for all periods presented.