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NET INCOME PER COMMON SHARE
 3 Months Ended
Apr. 02, 2017
Earnings Per Share [Abstract]  
Net Income Per Common Share [Policy Text Block]

(2) Net Income Per Share

Basic net income per share (“EPS”) is computed by dividing net income by the weighted-average number of common shares outstanding for the reporting period. Diluted EPS equals net income divided by the sum of the weighted average number of shares of common stock outstanding plus all additional common stock equivalents, such as stock options and restricted stock units, when dilutive.

The following is a reconciliation of basic and diluted net income per share:

Three Months Ended
(in thousands, except per share data)April 2,April 3,
20172016
Net (loss) income per share – basic:
Net (loss) income from continuing operations, net of taxes$(1,246)$149
Net income from discontinued operations, net of taxes---681
Net (loss) income$(1,246)$830
Weighted average shares outstanding6,9546,948
Net (loss) income from continuing operations per share – basic$(0.18)$0.02
Net income from discontinued operations per share – basic$---$0.10
Net (loss) income per share – basic$(0.18)$0.12
Net (loss) income per share – diluted:
Net (loss) income from continuing operations, net of taxes$(1,246)$149
Net income from discontinued operations, net of taxes---681
Net (loss) income$(1,246)$830
Weighted average shares outstanding6,9546,948
Dilutive impact of stock equivalents outstanding---10
Adjusted weighted average shares outstanding6,9546,958
Net (loss) income from continuing operations per share – diluted$(0.18)$0.02
Net income from discontinued operations per share – diluted$---$0.10
Net (loss) income per share – diluted$(0.18)$0.12

There were 614,000 and 439,000 options outstanding for the three months ended April 2, 2017 and April 3, 2016, respectively, that were not included in the computation of diluted EPS because their impact was anti-dilutive.