Net Income (Loss) Per Share

3 Months Ended

Oct. 01, 2011

NOTE 13. NET INCOME (LOSS) PER SHARE

The following table presents the calculation of basic and diluted net income per share:


	Three Months Ended
	October 1,			October 2,
	2011			2010
	(Thousands,except per share amounts)
Net income (loss)	$	(10,176	)	$	356

Weighted-average shares — basic		49,448			48,115
Effect of dilutive potential common shares from:
Stock options		—			1,657
Restricted stock awards		—			770
Obligations under escrow agreement		—			442

Weighted-average shares — diluted		49,448			50,984

Net income (loss) per share — basic	$	(0.21	)	$	0.01
Net income (loss) per share — diluted	$	(0.21	)	$	0.01

Basic net income per share is computed using only the weighted-average number of shares of common stock outstanding for the applicable period, while diluted net income per share is computed assuming conversion of all potentially dilutive securities, such as stock options, unvested restricted stock awards, warrants and obligations under escrow agreements during such period.

For the three months ended October 1, 2011 and October 2, 2010, respectively, we excluded 4.6 million and 1.8 million of outstanding stock options, warrants and unvested restricted stock awards from the calculation of diluted net income per share because their effect would have been anti-dilutive.