Net Income (Loss) Per Common Share

6 Months Ended

Jun. 29, 2014

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 FASB 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.

Shares from stock options and awards, excluded from the calculation of diluted loss per share because their inclusion would have been anti-dilutive, were 2.9 million and 0.8 million for the three months ended June 30, 2013 and June 29, 2014, respectively, and 3.2 million and 0.9 million for the six months ended June 30, 2013 and June 29, 2014, respectively.