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Net Income (Loss) Per Share of Common Stock | 6 Months Ended
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Dec. 30, 2016
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share of Common Stock | Net Income (Loss) Per Share of Common Stock Net income (loss) per share is computed using the two-class method, by dividing net income (loss) attributable to the Company by the weighted-average number of shares of the Company’s outstanding common stock. Our restricted shares contain rights to receive non-forfeitable dividends and therefore are considered to be participating securities and included in the calculations of net income per basic and diluted common share. Undistributed losses are not allocated to unvested restricted shares due to the fact that the unvested restricted shares are not contractually obligated to share the losses of the Company. The impact on earnings per share of the participating securities under the two-class method is immaterial. The following table presents the computation of basic and diluted net income (loss) per share attributable to the common stockholders:
| Three Months Ended |  | Six Months Ended
(In thousands, except per share amounts) | December 30, 2016 |  | January 1, 2016 |  | December 30, 2016 |  | January 1, 2016
Numerator: |  |  |  |  |  |  |
Net income (loss) from continuing operations, net of tax | $ | 1,678 |  |  | $ | (5,679 | ) |  | $ | 1,049 |  |  | $ | (7,241 | )
Net income from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | 359 |
Net income (loss) attributable to Aviat Networks | $ | 1,678 |  |  | $ | (5,679 | ) |  | $ | 1,049 |  |  | $ | (6,882 | )
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding, basic | 5,284 |  |  | 5,230 |  |  | 5,273 |  |  | 5,218 |
Effect of potentially dilutive equivalent shares | 116 |  |  | — |  |  | 55 |  |  | — |
Weighted average shares outstanding, diluted | 5,400 |  |  | 5,230 |  |  | 5,328 |  |  | 5,218 |
Basic income (loss) per share attributable to Aviat Networks’ common stockholders:
Continuing operations | $ | 0.32 |  |  | $ | (1.09 | ) |  | $ | 0.20 |  |  | $ | (1.39 | )
Discontinued operations | — |  |  | — |  |  | — |  |  | 0.07 |
Net income (loss) | $ | 0.32 |  |  | $ | (1.09 | ) |  | $ | 0.20 |  |  | $ | (1.32 | )
Diluted income (loss) per share attributable to Aviat Networks’ common stockholders:
Continuing operations | $ | 0.31 |  |  | $ | (1.09 | ) |  | $ | 0.20 |  |  | $ | (1.39 | )
Discontinued operations | — |  |  | — |  |  | — |  |  | 0.07 |
Net income (loss) | $ | 0.31 |  |  | $ | (1.09 | ) |  | $ | 0.20 |  |  | $ | (1.32 | )
The following table summarizes the weighted-average equity awards that were excluded from the diluted net income (loss) per share calculations:
| Three Months Ended |  | Six Months Ended
(In thousands) | December 30, 2016 |  | January 1, 2016 |  | December 30, 2016 |  | January 1, 2016
Stock options | 427 |  |  | 589 |  |  | 435 |  |  | 600 |
Restricted stocks units and performance stock units | 6 |  |  | 234 |  |  | 8 |  |  | 156 |
Total potential shares of common stock excluded | 433 |  |  | 823 |  |  | 443 |  |  | 756 |

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