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Net Income (Loss) Per Share
12 Months Ended
Dec. 30, 2011
Net Income (Loss) Per Share [Abstract]  
Net Income (Loss) Per Share

8. Net Income (Loss) Per Share

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income (loss) per share (in thousands):

 

                         
     Year Ended  
     December 30,
2011
     December 31,
2010
     January 1,
2010
 

Numerator:

                          

Net income (loss)

   $ 23,734       $ 20,097       $ (20,026

Denominator:

                          

Shares used in computation — basic:

                          

Weighted average common shares outstanding

     22,689         21,799         21,403   
    

 

 

    

 

 

    

 

 

 

Shares used in computing basic net income (loss) per share

     22,689         21,799         21,403   
    

 

 

    

 

 

    

 

 

 

Shares used in computation — diluted:

                          

Weighted average common shares outstanding

     22,689         21,799         21,403   

Dilutive effect of common shares outstanding subject to repurchase

     241         208         —     

Dilutive effect of options outstanding

     507         968         —     
    

 

 

    

 

 

    

 

 

 

Shares used in computing diluted net income (loss) per share

     23,437         22,975         21,403   
    

 

 

    

 

 

    

 

 

 

Net income (loss) per share — basic

   $ 1.05       $ 0.92       $ (0.94

Net income (loss) per share — diluted

   $ 1.01       $ 0.87       $ (0.94

The Company had securities outstanding which could potentially dilute basic earnings per share in the future, but the incremental shares from the assumed exercise of these securities were excluded in the computation of diluted net income (loss) per share, as their effect would have been anti-dilutive. Such outstanding securities consist of the following (in thousands):

 

                         
     Year Ended  
     December 30,
2011
     December 31,
2010
     January 1,
2010
 

Outstanding options

     1,655         1,983         2,894