NET (LOSS) INCOME PER SHARE

3 Months Ended

Mar. 28, 2015

NET (LOSS) INCOME PER SHARE

Basic net (loss) income per share is computed using the weighted average number of shares of common stock outstanding during the period less any non-vested restricted shares. Diluted earnings per common share, if applicable, is calculated using weighted average shares outstanding and contingently issuable shares, less weighted average shares reacquired during the period. The net outstanding shares are adjusted for the dilutive effect of shares issuable upon the assumed conversion of the Company’s common stock equivalents, which consist of outstanding stock options and unvested restricted stock units.

Weighted average common shares outstanding used to calculate earnings per share are as follows:



	Three Months Ended
	March 28, 2015	March 29, 2014
Weighted average common shares outstanding-basic	63,083,652	62,530,202
Stock options and non-vested restricted common stock	—	—
Weighted average common shares outstanding-diluted	63,083,652	62,530,202

The following were not included in weighted average common shares outstanding-diluted because they are anti-dilutive or performance or market conditions had not been met at the end of the period.



	March 28, 2015	March 29, 2014
Non-vested restricted common stock	3,342,111	3,349,148
Stock options	130,000	524,600
Total	3,472,111	3,873,748

Not included in weighted average common shares outstanding-diluted are the warrants to purchase 148,000 shares of the Company’s common stock for $3.49 per share.

- Definition

The entire disclosure for earnings per share.

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