Stockholders' Equity

6 Months Ended

Jun. 26, 2011

Stockholders' Equity

Stockholders' Equity

Note 5. Stockholders’ Equity

On February 11, 2011, the Company sold approximately 4.9 million shares of its common stock at a purchase price of $13.25 per share in an underwritten public offering. The Company received gross proceeds of approximately $64.8 million. After deducting underwriting and other offering expenses, the Company received approximately $61.1 million in net proceeds.

A summary of the changes in stockholders’ equity is provided below (in millions):

	Six Months EndedJune 27, 2010		Six Months EndedJune 26, 2011
Stockholders’ equity at beginning of period	$	124.9	$	169.9
Comprehensive income:
Net income (loss)	10.9		(8.7		)
Foreign currency translation	—		—
Total comprehensive income	10.9		(8.7		)
Additional paid-in-capital from issuance of common stock	—		61.1
Stock-based compensation	1.0		1.4
Employee stock purchase plan and restricted stock units settled in cash	0.3		0.3
Exercise of stock options and warrants	0.4		1.1
Fair value of stock options assumed in acquisitions	—		1.9
Stockholders’ equity at end of period	$	137.5	$	227.0

In prior reporting periods, the Company had two classes of outstanding stock, Series B Convertible Preferred Stock and common stock. On March 8, 2011, all of the 10,000 shares of the previously issued and outstanding shares of Series B Convertible Preferred Stock were redeemed for 100,000 shares of common stock. Common stock issued by the Company for the six months ended June 27, 2010 and June 26, 2011, was as follows (in millions):

	Six Months Ended June 27, 2010	Six Months Ended June 26, 2011
Shares outstanding at beginning of the period	15.8	18.6
Stock issued for employee stock purchase plan, stock options and restricted stock units exercised	0.1	0.3
Redemption of Series B Convertible Preferred Stock	—	0.1
Common stock issued for cash	—	4.9
Shares outstanding at end of the period	15.9	23.9