Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

v2.4.0.8
Net Loss Per Share
 12 Months Ended
Dec. 28, 2013
Earnings 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:

 

     Fifty-Two Weeks Ended  
     December 28,
2013		     December 29,
2012		     December 31,
2011		  

Net loss per share:

       

Numerator:

       

Net loss

    $ (15,634 )   $ (35,978 )   $ (15,137 )

Dividends on Series A Convertible Preferred Stock

      (184 )      —         —    
  

 

 

    

 

 

    

 

 

  

Net loss available to common shares

    $ (15,818 )   $ (35,978 )   $ (15,137 )
  

 

 

    

 

 

    

 

 

  

Denominator:

       

Weighted-average common shares outstanding (basic)

      32,697       30,818       30,546  

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

      —         —         —    
  

 

 

    

 

 

    

 

 

  

Weighted-average common shares outstanding (diluted)

      32,697       30,818       30,546  
  

 

 

    

 

 

    

 

 

  

Basic and diluted net loss per share

    $ (0.48 )   $ (1.17 )   $ (0.50 )

 

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:

 

     Fifty-Two Weeks Ended  
     December 28,
2013		      December 29,
2012		      December 31,
2011		  

Common stock warrants

      50        50        50  

Series A Convertible Preferred Stock

      3,145        —          —    

Options to purchase common stock

      6,584        7,642        7,209  
  

 

 

     

 

 

     

 

 

  

Total

      9,779        7,692        7,259