XML 27 R17.htm IDEA: XBRL DOCUMENT v3.22.2
EARNINGS PER SHARE (EPS)
 6 Months Ended
Jul. 01, 2022
EARNINGS PER SHARE (EPS)  
EARNINGS PER SHARE (EPS)

11. EARNINGS PER SHARE (“EPS”)

Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding. Diluted EPS is computed by dividing net income by the weighted-average number of common shares outstanding and dilutive potential common shares for the period. Potential common shares include the weighted-average dilutive effects of outstanding stock options and restricted stock awards using the treasury stock method.

The following table sets forth the number of weighted-average common shares outstanding used to compute basic and diluted EPS:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

Six months ended

​

​

July 1,

​

July 2,

​

July 1,

​

July 2,

​

    

2022

    

2021

    

2022

    

2021

​

​

(in thousands, except per share amounts)

Net income (loss)

​

$

(4,326)

​

$

(4,601)

​

$

(8,099)

​

$

(8,367)

Weighted-average common shares outstanding

​

 

13,016

​

 

12,421

​

 

12,901

​

 

12,284

Effect of dilutive stock options and restricted stock awards

​

 

—

​

 

—

​

 

—

​

 

—

Weighted-average common shares outstanding-diluted

​

 

13,016

​

 

12,421

​

 

12,901

​

 

12,284

Earnings (Loss) per share:

​

​

​

​

​

​

​

​

​

​

​

​

Basic

​

$

(0.33)

​

$

(0.37)

​

$

(0.63)

​

$

(0.68)

Diluted

​

$

(0.33)

​

$

(0.37)

​

$

(0.63)

​

$

(0.68)

​

For the three and six months ended July 1, 2022 and July 2, 2021, the Company reported a net loss, and accordingly, all outstanding equity awards have been excluded from such periods because including them would have been anti-dilutive.

​