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Net Income (Loss) Per Common Share
 6 Months Ended
Jun. 24, 2012
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share
Net Income (Loss) Per Common Share
 
The Company calculates net income (loss) per share in accordance with ASC Topic 260, Earnings Per Share (“Topic 260”). Under Topic 260, basic net income (loss) per common share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding during the reporting period. Diluted net income (loss) per common share reflects the effects of potentially dilutive securities.

 
 
For the Three Months Ended
 
For the Six Months Ended
(In millions, except earnings per share)
 
June 26,
2011
 
June 24,
2012
 
June 26,
2011
 
June 24,
2012
Loss from continuing operations available for common shareholders (A)
 
$
(5.3
)
 
(14.9
)
 
$
(9.1
)
 
(17.4
)
Weighted average outstanding shares of common stock (B)
 
23.8

 
41.7

 
22.6

 
37.1

Dilutive effect of employee stock options and awards
 
—

 
—

 
—

 
—

Common stock and common stock equivalents (C)
 
23.8

 
41.7

 
22.6

 
37.1

Loss per share:
 
 
 
 
 
 
 
 
Basic (A/B)
 
$
(0.22
)
 
(0.36
)
 
$
(0.40
)
 
(0.47
)
Diluted (A/C)
 
$
(0.22
)
 
(0.36
)
 
$
(0.40
)
 
(0.47
)
 
 
 
 
 
 
 
 
 


The following shares were excluded from the calculation of diluted loss per share because their inclusion would have been anti-dilutive.
 
 
 
For the Three Months Ended
 
For the Six Months Ended
(In millions)
 
June 26,
2011
 
June 24,
2012
 
June 26,
2011
 
June 24,
2012
Shares from stock options and awards
 
2.2

 
3.1

 
1.7

 
2.6