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(Loss) Earnings per Share
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
(Loss) Earnings per Share (Loss) Earnings per Share
We calculate basic (loss) earnings per share by dividing net (loss) income by the weighted average number of common shares outstanding. We calculate diluted earnings per share by dividing net income by the weighted average number of common shares outstanding plus the dilutive effect of outstanding share-based awards, including restricted stock units, performance shares, and performance units. Due to year-to-date net losses, basic and diluted loss per share are equivalent for the three months ended March 31, 2018.
The reconciliation of basic (loss) earnings and diluted (loss) earnings per common share for the three months ended was as follows (in thousands, except per share data):
 
Three Months Ended 
 March 31, 2018
 
Three Months Ended 
 April 1, 2017 (1)
Net (loss) income
$
(13,427
)
 
$
584

 
 
 
 
Basic weighted shares outstanding
9,137

 
8,966

Dilutive effect of share-based awards
—

 
132

Diluted weighted average shares outstanding
9,137

 
9,098

 
 
 
 
Basic (loss) earnings per share
$
(1.47
)
 
$
0.07

Diluted (loss) earnings per share
$
(1.47
)
 
$
0.06

(1) Antidilutive common stock equivalents excluded from the diluted earnings per share calculation include all outstanding options and performance shares, and 50,000 total unvested restricted stock awards and restricted stock units.