| Net Income (Loss) Per Share |
Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share data):
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Thirteen Weeks Ended |
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Twenty-Six Weeks Ended |
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July 1, 2017 |
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July 2, 2016 |
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July 1, 2017 |
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July 2, 2016 |
Net income (loss) per share: |
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Numerator: |
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Income from continuing operations |
$ |
26,918 |
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$ |
1,216 |
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|
27,734 |
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|
2,753 |
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Dividends on Series A Convertible Preferred Stock |
49 |
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|
60 |
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|
108 |
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|
120 |
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Income from continuing operations available to common shares |
$ |
26,869 |
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$ |
1,156 |
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$ |
27,626 |
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$ |
2,633 |
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Denominator: |
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Weighted-average common shares outstanding (basic) |
35,332 |
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34,753 |
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34,921 |
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34,625 |
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Common equivalent shares from common stock options, restricted stock, preferred stock and warrants |
4,601 |
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5,254 |
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5,158 |
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5,030 |
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Weighted-average common shares outstanding (diluted) |
39,933 |
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|
40,007 |
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40,079 |
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|
39,655 |
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Basic net income from continuing operations per share |
$ |
0.76 |
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$ |
0.03 |
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$ |
0.79 |
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$ |
0.08 |
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Diluted net income from continuing operations per share |
$ |
0.67 |
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$ |
0.03 |
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$ |
0.69 |
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$ |
0.07 |
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The anti-dilutive securities, which are excluded from the calculation of diluted earnings per share due to their anti-dilutive effect are as follows (in thousands):
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Thirteen Weeks Ended |
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Twenty-Six Weeks Ended |
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July 1, 2017 |
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July 2, 2016 |
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July 1, 2017 |
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July 2, 2016 |
Common stock warrants |
5 |
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20 |
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13 |
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20 |
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Performance stock units |
225 |
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|
981 |
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|
375 |
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|
969 |
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Options to purchase common stock |
3,042 |
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2,141 |
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2,754 |
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|
2,393 |
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Total |
3,272 |
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3,142 |
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3,142 |
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3,382 |
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