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Per Share Data
6 Months Ended
Jul. 02, 2022
Earnings Per Share [Abstract]  
Per Share Data

8.Per Share Data  

Basic (net loss) earnings per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented. Diluted (net loss) earnings per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented adjusted for the effect of dilutive common stock equivalents.

The following table sets forth the computation of basic and diluted (net loss) earnings per share data:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

July 2,

 

 

July 3,

 

 

July 2,

 

 

July 3,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

$

(4,623

)

 

$

8,860

 

 

$

(12,866

)

 

$

(9,367

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock outstanding

 

70,305

 

 

 

69,588

 

 

 

70,195

 

 

 

69,336

 

Effect of dilutive common stock equivalents

 

 

 

 

1,572

 

 

 

 

 

 

 

Weighted average diluted common shares outstanding

 

70,305

 

 

 

71,160

 

 

 

70,195

 

 

 

69,336

 

(Net loss) earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

(0.07

)

 

$

0.13

 

 

$

(0.18

)

 

$

(0.14

)

Diluted

$

(0.07

)

 

$

0.12

 

 

$

(0.18

)

 

$

(0.14

)

The number of anti-dilutive common stock equivalents excluded from the calculation of the weighted average number of common shares for diluted (net loss) earnings per share was 8,732 and 4,724 for the three months ended July 2, 2022 and July 3, 2021, respectively. The number of anti-dilutive common stock equivalents excluded from the calculation of the weighted average number of common shares for diluted net loss per share was 7,848 and 6,426 for the six months ended July 2, 2022 and July 3, 2021, respectively.