| 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:
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Thirteen Weeks Ended |
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Twenty-Six Weeks Ended |
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June 29,
2013
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June 30,
2012
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June 29,
2013
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June 30,
2012
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Net loss per share:
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Numerator:
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Net loss
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|
$ |
(9,567 |
) |
|
$ |
(1,696 |
) |
|
$ |
(12,910 |
) |
|
$ |
(2,484 |
) |
|
Dividends on Series A Convertible Preferred Stock
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|
64 |
|
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|
— |
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|
64 |
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|
|
— |
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|
|
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Net loss available to common shares
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|
$ |
(9,631 |
) |
|
$ |
(1,696 |
) |
|
$ |
(12,974 |
) |
|
$ |
(2,484 |
) |
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Denominator:
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Weighted-average common shares outstanding (basic)
|
|
|
33,119 |
|
|
|
30,651 |
|
|
|
32,130 |
|
|
|
30,644 |
|
|
Common equivalent shares from common stock options and warrants
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
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|
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|
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|
Weighted-average common shares outstanding (diluted)
|
|
|
33,119 |
|
|
|
30,651 |
|
|
|
32,130 |
|
|
|
30,644 |
|
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|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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Basic and diluted net loss per share
|
|
$ |
(0.29 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.40 |
) |
|
$ |
(0.08 |
) |
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 to the Company’s stock price), are as follows:
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|
|
|
|
|
| |
|
Thirteen Weeks Ended |
|
|
Twenty-Six Weeks Ended |
|
| |
|
June 29,
2013 |
|
|
June 30,
2012
|
|
|
June 29,
2013
|
|
|
June 30,
2012
|
|
|
Common stock warrants
|
|
|
50 |
|
|
|
50 |
|
|
|
50 |
|
|
|
50 |
|
|
Series A Convertible Preferred Stock
|
|
|
4,140 |
|
|
|
— |
|
|
|
1,076 |
|
|
|
— |
|
|
Options to purchase common stock
|
|
|
7,217 |
|
|
|
7,809 |
|
|
|
7,309 |
|
|
|
7,752 |
|
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|
|
|
|
|
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|
|
|
|
|
|
|
|
|
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|
Total
|
|
|
11,407 |
|
|
|
7,859 |
|
|
|
8,435 |
|
|
|
7,802 |
|
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