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(Loss) Earnings Per Share
6 Months Ended
Jun. 24, 2016
Net (loss) income per share:  
(Loss) Earnings Per Share
Note 2 (Loss) Earnings Per Share

  

The following table sets forth the computation of basic and diluted net (loss) income per share:

 

    Thirteen Weeks Ended  Twenty-six Weeks Ended
    June 24, 2016  June 26, 2015  June 24, 2016  June 26, 2015
Net (loss) income per share:             
Basic  $(0.33)  $0.13   $(0.29)  $0.17 
Diluted  $(0.33)  $0.13   $(0.29)  $0.17 
Weighted average common shares:                    
Basic   25,912,686    25,726,851    25,898,368    25,196,704 
Diluted   25,912,686    26,884,238    25,898,368    25,246,749 

 

Reconciliation of net (loss) income per common share:

 

   Thirteen Weeks Ended  Twenty-six Weeks Ended
   June 24, 2016  June 26, 2015  June 24, 2016  June 26, 2015
Numerator:            
Net (loss) income  $(8,455)  $3,363   $(7,462)  $4,331 
Add effect of dilutive securities:                    
Interest on convertible notes, net of tax       132         
Adjusted net (loss) income  $(8,455)  $3,495   $(7,462)  $4,331 
Denominator:                    
Weighted average basic common shares outstanding   25,912,686    25,726,851    25,898,368    25,196,704 
Dilutive effect of unvested common shares       42,390        50,045 
Dilutive effect of convertible notes       1,114,997         
Weighted average diluted common shares outstanding   25,912,686    26,884,238    25,898,368    25,246,749 

 

The weighted average shares outstanding for the thirteen weeks ended June 24, 2016 did not include the impact of 317,330

Restricted Share Awards (RSAs), or 1,237,374 shares from the convertible subordinated notes issued in connection with our acquisition of Del Monte Capital Meat Co. and certain related entities (Del Monte) as they were deemed to be anti-dilutive. The weighted average shares outstanding for the twenty-six weeks ended June 24, 2016 and June 26, 2015 did not include the impact of 317,330 and 45,106 Restricted Share Awards (RSAs), respectively, or 1,237,374 shares from the convertible subordinated notes issued in connection with our acquisition of Del Monte Capital Meat Co. and certain related entities (Del Monte) as they were deemed to be anti-dilutive.