Basic and Diluted Net Income (Loss) Per Share

6 Months Ended

Jul. 03, 2020

Basic and Diluted Net Income (Loss) Per Share

Note 13 — Basic and Diluted Net Income (Loss) Per Share

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

	Three Months Ended						Six Months Ended
	July 3, 2020			June 28, 2019			July 3, 2020			June 28, 2019
Numerator:
Net income (loss)	$	(1,172	)	$	3,914		$	(1,306	)	$	5,281
Denominator:
Weighted average common shares:
Common shares outstanding		45,354			44,489			45,152			44,368
Less: Unvested restricted stock		—			(10	)		—			(11	)
Denominator for basic calculation		45,354			44,479			45,152			44,357
Weighted average effects of potentially diluted common stock:
Stock options		—			2,149			—			2,292
Unvested restricted stock		—			97			—			185
Restricted stock units		—			8			—			8
Denominator for diluted calculation		45,354			46,733			45,152			46,842
Net income (loss) per share:
Basic	$	(0.03	)	$	0.09		$	(0.03	)	$	0.12
Diluted	$	(0.03	)	$	0.08		$	(0.03	)	$	0.11

Because the Company had a net loss for the three and six months ended July 3, 2020, the number of diluted shares is equal to the number of basic shares. The following table sets forth (in thousands) the weighted average number of options to purchase shares of common stock, restricted stock, and restricted stock units with either exercise prices or unrecognized compensation cost per share greater than the average market price per share of the Company’s common 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 3, 2020		June 28, 2019		July 3, 2020		June 28, 2019
Stock options		3,082		1,991		3,502		1,256
Restricted stock and restricted stock units		59		1		72		—
Total		3,141		1,992		3,574		1,256