Net Loss Per Common Share

3 Months Ended

Mar. 25, 2012

Net Loss Per Common Share

Net Loss Per Common Share

Note 6. Net Loss Per Common Share

The Company calculates net loss per share in accordance with ASC Topic 260, Earnings Per Share (“Topic 260”). Under Topic 260, basic net loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the reporting period. Diluted net loss per common share reflects the effects of potentially dilutive securities.

The following shares were excluded from the calculation of diluted income per share because their inclusion would have been anti-dilutive.

(In millions)	Three Months Ended March 27, 2011	Three Months Ended March 25, 2012
Shares from stock options and awards	0.9	2.8
Shares from preferred stock	0.1	—