Quarterly report pursuant to Section 13 or 15(d)

Net (Loss) Income Per Share

v3.21.2
Net (Loss) Income Per Share
9 Months Ended
Oct. 02, 2021
Net (Loss) Income Per Share  
Net (Loss) Income Per Share

Note 4 – Net (Loss) Income Per Share

The following table sets forth the computation of basic and diluted net (loss) income per share (in thousands, except per share data):

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Thirteen Weeks Ended

 

Thirty-Nine Weeks Ended

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October 2, 2021

    

September 26, 2020

    

October 2, 2021

    

September 26, 2020

Net (loss) income per share:

 

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Numerator:

 

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Net (loss) income

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$

(4,659)

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$

1,385

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​

(5,309)

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​

1,975

Dividends on Series A Convertible Preferred Stock

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—

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—

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—

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71

Net (loss) income allocable to common shares

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$

(4,659)

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$

1,385

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$

(5,309)

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$

1,904

Denominator:

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Weighted-average common shares outstanding (basic)

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52,264

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44,686

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50,903

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40,314

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

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—

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8,887

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—

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10,072

Weighted-average common shares outstanding (diluted)

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52,264

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53,573

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50,903

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50,386

Basic net (loss) income per share

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$

(0.09)

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$

0.03

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$

(0.10)

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$

0.05

Diluted net (loss) income per share

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$

(0.09)

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$

0.03

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$

(0.10)

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$

0.04

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For the thirteen and thirty-nine weeks ended October 2, 2021, all outstanding potentially dilutive securities have been excluded from the calculation of diluted net loss per share as the effect of including such securities would have been anti-dilutive. Options and RSUs that were antidilutive and not included in the dilutive net income per share calculation for the thirteen and thirty-nine weeks ended September 26, 2020 amounted in total to 263 and 319, respectively.