Net Income (Loss) Per Share of Common Stock

Net income (loss) per share is computed using the two-class method, by dividing net income attributable to us by the weighted-average number of shares of our outstanding common stock and participating securities outstanding. 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 as the unvested restricted shares are not contractually obligated to share our losses. The impact on earnings per share of the participating securities under the two-class method was immaterial.

The following table presents the computation of basic and diluted net income (loss) per share attributable to our common stockholders:



	Three Months Ended					Nine Months Ended
(In thousands, except per share amounts)	March 29, 2019		March 30, 2018			March 29, 2019		March 30, 2018
Numerator:
Net income (loss) attributable to Aviat Networks	$	4,339	$	(2,623	)	$	5,899	$	1,791

Denominator:
Weighted-average shares outstanding, basic	5,381		5,344			5,382		5,331
Effect of potentially dilutive equivalent shares	196		—			252		301
Weighted-average shares outstanding, diluted	5,577		5,344			5,634		5,632

Net income (loss) per share of common stock outstanding:
Basic	$	0.81	$	(0.49	)	$	1.10	$	0.34
Diluted	$	0.78	$	(0.49	)	$	1.05	$	0.32

The following table summarizes the weighted-average equity awards that were excluded from the diluted net income (loss) per share calculations since they were anti-dilutive:



	Three Months Ended		Nine Months Ended
(In thousands)	March 29, 2019	March 30, 2018	March 29, 2019	March 30, 2018
Stock options	394	343	375	333
Restricted stock units and performance stock units	52	437	39	—
Total shares of common stock excluded	446	780	414	333