Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v2.4.0.8
Net Loss Per Share
 9 Months Ended
Sep. 27, 2014
Earnings Per Share [Abstract]  
Net Loss Per Share
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 (in thousands, except per share data):
 
 
Thirteen Weeks Ended
 
Thirty-Nine Weeks Ended
 
September 27, 2014
 
September 28, 2013
 
September 27, 2014
 
September 28, 2013
Net loss per share:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net loss
$
(2,494
)
 
$
(1,399
)
 
$
(4,473
)
 
$
(14,309
)
Dividends on Series A Convertible Preferred Stock
61

 
60

 
180

 
124

Net loss available to common shares
$
(2,555
)
 
$
(1,459
)
 
$
(4,653
)
 
$
(14,433
)
Denominator:
 
 
 
 
 
 
 
Weighted-average common shares outstanding (basic)
33,532

 
33,218

 
33,459

 
32,493

Common equivalent shares from common stock options and warrants
—

 
—

 
—

 
—

Weighted-average common shares outstanding (diluted)
33,532

 
33,218

 
33,459

 
32,493

Basic and diluted net loss per share
$
(0.08
)
 
$
(0.04
)
 
$
(0.14
)
 
$
(0.44
)

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 (in thousands):
 
 
Thirteen Weeks Ended
 
Thirty-Nine Weeks Ended
 
September 27, 2014
 
September 28, 2013
 
September 27, 2014
 
September 28, 2013
Common stock warrants
50

 
50

 
50

 
50

Series A Convertible Preferred Stock
4,150

 
4,150

 
4,150

 
2,110

Restricted stock units
815

 
—

 
760

 
—

Options to purchase common stock
5,694

 
6,619

 
5,681

 
7,079

Total
10,709

 
10,819

 
10,641

 
9,239



Common shares issued for nominal consideration, if any, would be included in the per share calculations as if they were outstanding for all periods presented.