Basic and Diluted Income Per Share

6 Months Ended

Jul. 04, 2014

Note 8 — Basic and Diluted Income Per Share

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

	Three Months Ended				Six Months Ended
	July 4, 2014		June 28, 2013		July 4, 2014		June 28, 2013
Numerator:
Net income (loss)	$	(1,789)	$	278	$	(3,148)	$	749

Denominator:
Weighted average common shares and denominator for basic calculation:
Weighted average common shares outstanding		38,400		36,830		38,247		36,745
Less: Unvested restricted stock		(232)		(334)		(277)		(284)
Denominator for basic calculation		38,168		36,496		37,970		36,461
Weighted average effects of dilutive equity-based compensation awards:
Stock options		—		999		—		746
Restricted stock		—		139		—		94
Warrants		—		708		—		586
Denominator for diluted calculation		38,168		38,342		37,970		37,887

Net income (loss) per share – basic	$	(0.05)	$	0.01	$	(0.08)	$	0.02
Net income (loss) per share - diluted	$	(0.05)	$	0.01	$	(0.08)	$	0.02

The following tables sets forth (in thousands) the weighted average number of options and warrants to purchase shares of common stock and restricted stock, which were not included in the calculation of diluted per share amounts because the effects would be anti-dilutive.

	Three Months Ended		Six Months Ended
	July 4, 2014	June 28, 2013	July 4, 2014	June 28, 2013
Options	2,216	1,262	2,117	1,428
Restricted stock and units	195	25	280	110
Warrants	526	—	527	—
Total	2,937	1,287	2,924	1,538

- Definition

The entire disclosure for earnings per share.

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