Quarterly report pursuant to Section 13 or 15(d)

Net (Loss) Income Per Share (Tables)

v3.19.3
Net (Loss) Income Per Share (Tables)
9 Months Ended
Sep. 28, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thirteen Weeks Ended

 

Thirty-Nine Weeks Ended

 

 

    

September 28, 2019

    

September 29, 2018

    

September 28, 2019

    

September 29, 2018

    

Net income per share:

 

 

  

 

(As Restated)

 

 

  

 

(As Restated)

 

Numerator:

 

 

  

 

 

  

 

 

  

 

 

  

 

Net Loss

 

$

(1,424)

 

$

(180)

 

 

(6,461)

 

 

(409)

 

Dividends on Series A Convertible Preferred Stock

 

 

40

 

 

41

 

 

120

 

 

120

 

Net loss available to common shares

 

$

(1,464)

 

$

(221)

 

$

(6,581)

 

$

(529)

 

Denominator:

 

 

  

 

 

  

 

 

  

 

 

  

 

Weighted-average common shares outstanding (basic)

 

 

35,856

 

 

34,983

 

 

35,623

 

 

34,925

 

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

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Weighted-average common shares outstanding (diluted)

 

 

35,856

 

 

34,983

 

 

35,623

 

 

34,925

 

Basic and diluted net loss per share

 

$

(0.04)

 

$

(0.01)

 

$

(0.18)

 

$

(0.02)

 

 

Anti-Dilutive Securities Excluded from Calculation of Diluted Earnings Per Share

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):

 

 

 

 

 

 

 

 

 

 

 

 

Thirteen Weeks Ended

 

Thirty-Nine Weeks Ended

 

 

    

September 28, 2019

    

September 29, 2018

    

September 28, 2019

    

September 29, 2018

    

Performance stock units

 

 —

 

 —

 

 4

 

 —

 

Restricted stock units

 

35

 

490

 

72

 

507

 

Series A Convertible Preferred Stock

 

2,771

 

2,771

 

2,771

 

2,771

 

Options to purchase common stock

 

6,855

 

5,239

 

6,540

 

5,428

 

Total

 

9,661

 

8,500

 

9,387

 

8,706