| Net (Loss) Income Per Share |
Net (Loss) 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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Twenty-Six Weeks Ended |
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June 30, 2018 |
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July 1, 2017 |
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June 30, 2018 |
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July 1, 2017 |
Net (loss) income per share: |
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Numerator: |
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(Loss) income from continuing operations |
$ |
(485 |
) |
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$ |
26,918 |
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|
250 |
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|
27,734 |
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Dividends on Series A Convertible Preferred Stock |
40 |
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|
49 |
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|
80 |
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|
108 |
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(Loss) income from continuing operations available to common shares |
$ |
(525 |
) |
|
$ |
26,869 |
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|
$ |
170 |
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|
$ |
27,626 |
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Denominator: |
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Weighted-average common shares outstanding (basic) |
34,972 |
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|
35,332 |
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|
34,896 |
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|
34,921 |
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Common equivalent shares from common stock options, restricted stock, preferred stock and warrants |
— |
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|
4,601 |
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|
362 |
|
|
5,158 |
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Weighted-average common shares outstanding (diluted) |
34,972 |
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|
39,933 |
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|
35,258 |
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|
40,079 |
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Basic net (loss) income from continuing operations per share |
$ |
(0.02 |
) |
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$ |
0.76 |
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$ |
0.00 |
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$ |
0.79 |
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Diluted net (loss) income from continuing operations per share |
$ |
(0.02 |
) |
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$ |
0.67 |
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|
$ |
0.00 |
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|
$ |
0.69 |
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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 |
|
June 30, 2018 |
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July 1, 2017 |
|
June 30, 2018 |
|
July 1, 2017 |
Common stock warrants |
— |
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|
5 |
|
|
— |
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|
13 |
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Performance stock units |
343 |
|
|
225 |
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|
384 |
|
|
375 |
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Restricted stock units |
504 |
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|
— |
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|
515 |
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|
— |
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Series A Convertible Preferred Stock |
2,771 |
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|
— |
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|
2,771 |
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|
— |
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Options to purchase common stock |
5,477 |
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|
3,042 |
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|
5,611 |
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|
2,754 |
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Total |
9,095 |
|
|
3,272 |
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|
9,281 |
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|
3,142 |
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