NET (LOSS) INCOME PER SHARE

3 Months Ended

Mar. 26, 2016

NET LOSS PER SHARE

Basic net loss 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 non-vested restricted stock units.

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



	Three Months Ended
	March 26, 2016	March 28, 2015
Weighted average common shares outstanding-basic and diluted	63,978,048	63,083,652

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:



	Three months ended
	March 26, 2016	March 28, 2015
Non-vested restricted common stock	2,694,016	3,342,111
Stock options	—	130,000
Total	2,694,016	3,472,111

For the three month period ended March 28, 2015 warrants to purchase 148,000 shares of the Company's common stock for $3.49 per share were not included in weighted average common shares outstanding-diluted. These warrants were fully exercised in 2015.