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Computation of Basic and Diluted Net Income Per Common Share (Tables)
3 Months Ended
Mar. 29, 2014
Reconciliation of the Numerator and Denominator of Basic and Diluted Net Income Per Common Share

A reconciliation of the numerator and denominator of basic and diluted net income per common share is provided as follows:

 

 

  

Three Months Ended

 

(in thousands, except per share amounts)

  

March 29,
2014

 

  

March 30,
2013

 

Numerator:

  

 

 

 

  

 

 

 

Net income

  

$

487 

  

  

$

874  

 

 

Denominator:

  

 

 

 

  

 

 

 

Weighted average shares of common stock (basic) 

  

 

9,963 

 

  

 

8,511 

 

Effect of dilutive preferred shares 

  

 

 

 

  

 

1,000 

 

Effect of dilutive stock options 

  

 

371 

 

  

 

261 

 

Effect of dilutive contingent shares 

  

  

192  

 

  

  

30 

 

Weighted average shares of common stock (diluted) 

  

  

10,526  

 

  

  

9,802 

 

 

Per share data:

 

 

 

 

 

 

 

 

Basic net income per share

  

$

0.05 

  

  

$

0.10 

 

Diluted net income per share 

  

$

0.05 

  

  

$

0.09