Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share

v3.19.1
Net Income (Loss) Per Share
 12 Months Ended
Dec. 29, 2018
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

Note 6 – Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share:

 

 

 

 

 

 

 

 

 

Fiscal Year Ended

 

    

December 29, 2018

    

December 30, 2017

Net income per share:

 

 

  

 

 

  

Numerator:

 

 

  

 

 

  

(Loss) income from continuing operations

 

$

(4,889)

 

$

24,574

Dividends on Series A Convertible Preferred Stock

 

 

(161)

 

 

(189)

(Loss) income from continuing operations available to common shares

 

$

(5,050)

 

$

24,385

Denominator:

 

 

  

 

 

  

Weighted-average common shares outstanding (basic)

 

 

34,941

 

 

35,192

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

 

 

 —

 

 

4,442

Weighted-average common shares outstanding (diluted)

 

 

34,941

 

 

39,634

Basic net (loss) income from continuing operations per share

 

$

(0.14)

 

$

0.69

Diluted net (loss) income from continuing operations per share

 

$

(0.14)

 

$

0.62

 

The 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):

 

 

 

 

 

 

 

Fiscal Year

 

    

December 29, 2018

    

December 30, 2017

Common stock warrants

 

 —

 

 6

Performance stock units

 

204

 

 —

Restricted stock units

 

760

 

383

Series A Convertible Preferred Stock

 

2,771

 

 —

Options to purchase common stock

 

6,123

 

3,357

Total

 

9,858

 

3,746