Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share

v3.20.1
Net Income (Loss) Per Share
 12 Months Ended
Dec. 28, 2019
Net Income (Loss) Per Share  
Net Income (Loss) Per Share

Note 6 – Net Loss Per Share

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

 

 

 

 

 

 

 

 

 

Fiscal Year Ended

 

    

December 28, 2019

    

December 29, 2018

Net loss per share:

 

 

  

 

 

  

Numerator:

 

 

  

 

 

  

Net Loss

 

$

(31,548)

 

$

(4,889)

Dividends on Series A Convertible Preferred Stock

 

 

(161)

 

 

(161)

Net loss allocable to common shares

 

$

(31,709)

 

$

(5,050)

Denominator:

 

 

  

 

 

  

Weighted-average common shares outstanding (basic)

 

 

35,720

 

 

34,941

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

 

 

 —

 

 

 —

Weighted-average common shares outstanding (diluted)

 

 

35,720

 

 

34,941

Basic and diluted net loss per share

 

$

(0.89)

 

$

(0.14)

 

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 Ended

 

    

December 28, 2019

    

December 29, 2018

Performance stock units

 

 1

 

204

Restricted stock units

 

43

 

760

Series A Convertible Preferred Stock

 

2,771

 

2,771

Options to purchase common stock

 

6,532

 

6,123

Total

 

9,347

 

9,858