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Earnings Per Share (EPS)
 6 Months Ended
Jul. 01, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE (EPS)
EARNINGS (LOSS) PER SHARE (“EPS”)
The following table illustrates the calculation of basic and diluted EPS (in thousands, except per share amounts):
 
Three Months Ended
 
Six Months Ended
 
July 1, 2016
 
July 3, 2015
 
July 1, 2016
 
July 3, 2015
Numerator for basic and diluted EPS:
 
 
 
 
 
 
 
Net income (loss)
$
(770
)
 
$
9,283

 
$
(13,430
)
 
$
17,291

Denominator for basic EPS:
 
 
 
 
 
 
 
Weighted average shares outstanding
30,767

 
25,473

 
30,743

 
25,369

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options, restricted stock and restricted stock units
—

 
840

 
—

 
895

Denominator for diluted EPS
30,767

 
26,313

 
30,743

 
26,264

Basic EPS
$
(0.03
)
 
$
0.36


$
(0.44
)
 
$
0.68

Diluted EPS
$
(0.03
)
 
$
0.35

 
$
(0.44
)
 
$
0.66


The diluted weighted average share calculations do not include the following securities, which are not dilutive to the EPS calculations or the performance criteria have not been met (in thousands):
 
Three Months Ended
 
Six Months Ended
 
July 1, 2016
 
July 3, 2015
 
July 1, 2016
 
July 3, 2015
Time-vested stock options, restricted stock and restricted stock units
1,916

 
276

 
1,916

 
297

Performance-vested restricted stock units
417

 
60

 
417

 
56