Net Income Per Share
The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share data):
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Thirteen Weeks Ended |
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March 31, 2018 |
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April 1, 2017 |
Net income per share: |
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Numerator: |
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|
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Income from continuing operations |
$ |
735 |
|
|
$ |
816 |
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Dividends on Series A Convertible Preferred Stock |
40 |
|
|
59 |
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Income from continuing operations available to common shares |
$ |
695 |
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|
$ |
757 |
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Denominator: |
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Weighted-average common shares outstanding (basic) |
34,821 |
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|
34,510 |
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Common equivalent shares from common stock options, restricted stock, preferred stock and warrants |
3,245 |
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|
5,721 |
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Weighted-average common shares outstanding (diluted) |
38,066 |
|
|
40,231 |
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Basic net income from continuing operations per share |
$ |
0.02 |
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|
$ |
0.02 |
|
Diluted net income from continuing operations per share |
$ |
0.02 |
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|
$ |
0.02 |
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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 |
|
March 31, 2018 |
|
April 1, 2017 |
Common stock warrants |
— |
|
|
20 |
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Performance stock units |
743 |
|
|
700 |
|
Restricted stock units |
525 |
|
|
6 |
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Options to purchase common stock |
5,438 |
|
|
2,588 |
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Total |
6,706 |
|
|
3,314 |
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