(2) Net Loss Per Share

Basic net loss per share (“EPS”) is computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the reporting period. Diluted EPS equals net income (loss) 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 (loss) per share:


	Three Months Ended				Nine Months Ended
	October 1,		October 2,		October 1,		October 2,
(in thousands, except per share data)	2017		2016		2017		2016
Net (loss) income per share – basic:
Net loss from continuing operations	$	(1,816)	$	(2,378)	$	(4,323)	$	(2,116)
Net (loss) income from discontinued operations, net of tax		—		(81)		—		627
Net loss		(1,816)		(2,459)		(4,323)		(1,489)
Weighted average shares outstanding - basic		6,955		6,950		6,955		6,949
Basic net loss per share - continuing operations	$	(0.26)	$	(0.34)	$	(0.62)	$	(0.30)
Basic net (loss) income per share - discontinued operations		—		(0.01)		—		0.09
Basic net loss per share	$	(0.26)	$	(0.35)	$	(0.62)	$	(0.21)

Net (loss) income per share – diluted:
Net loss from continuing operations	$	(1,816)	$	(2,378)	$	(4,323)	$	(2,116)
Net (loss) income from discontinued operations, net of tax		—		(81)		—		627
Net loss		(1,816)		(2,459)		(4,323)		(1,489)
Weighted average shares outstanding - diluted		6,955		6,950		6,955		6,949
Diluted net loss per share - continuing operations	$	(0.26)	$	(0.34)	$	(0.62)	$	(0.30)
Diluted net (loss) income per share - discontinued operations		—		(0.01)		—		0.09
Diluted net loss per share	$	(0.26)	$	(0.35)	$	(0.62)	$	(0.21)

There were approximately 524,000 and 543,000 options outstanding for the three and nine months ended October 1, 2017 and October 2, 2016, respectively, that were not included in the computation of diluted EPS because their impact was anti-dilutive.