NET (LOSS) INCOME PER SHARE

6 Months Ended

Jun. 25, 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		Six Months Ended
	June 25, 2016	June 27, 2015	June 25, 2016	June 27, 2015
Weighted average common shares outstanding-basic	64,011,571	63,066,031	63,994,809	63,074,842
Stock options and non-vested restricted common stock	—	234,750	—	—
Weighted average common shares outstanding-diluted	64,011,571	63,300,781	63,994,809	63,074,842

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		Six Months Ended
	June 25, 2016	June 27, 2015	June 25, 2016	June 27, 2015
Non-vested restricted common stock	2,734,016	1,374,000	2,734,016	3,074,111