Net Income (Loss) Per Share

12 Months Ended

Sep. 28, 2013

Net Income (Loss) Per Share [Abstract]

Net Income (Loss) Per Share

14. Net Income (Loss) Per Share

Basic net income or loss per share is calculated by dividing the net income or loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration for common stock equivalents. Diluted net income or loss per share is computed by dividing the net income or loss attributable to common stockholders by the weighted-average number of common share equivalents outstanding for the period determined using the treasury-stock method and the if-converted method. For purposes of this calculation, stock options are considered to be common stock equivalents and are only included in the calculation of diluted net income or loss per share when their effect is dilutive. The Company's redeemable common stock is included in the weighted-average number of common shares outstanding for calculating basic and diluted net income or loss per share.

The following tables and discussion provide a reconciliation of the numerator and denominator of the basic and diluted net loss per share computations. The calculation below provides net income or loss on both basic and diluted basis for fiscal 2013, 2012, and 2011 (in thousands).

		2013		2012		2011
Net income (loss)	$	57	$	2	$	(299	)
Weighted average shares of common stock outstanding--basic		113,486		83,435		84,121
Weighted average shares of common stock outstanding		113,486		83,435		84,121
Other common stock equivalents		5,968		3,209		-
Weighted average shares of common stock outstanding--diluted		119,454		86,644		84,121
Basic net income (loss) per share
Basic net income (loss) per share from continuing operations	$	0.50	$	0.02	$	(3.55	)
Basic net income (loss) per share available to common shareholders	$	0.50	$	0.02	$	(3.55	)
Diluted net income (loss) per share
Diluted net income (loss) per share from continuing operations	$	0.48	$	0.02	$	(3.55	)
Diluted net income (loss) per share available to common shareholders	$	0.48	$	0.02	$	(3.55	)

The conversion of stock options is not included in the calculation of diluted net loss per common share as of the end of fiscal 2011 as the effect of these conversions would be antidilutive to the net loss available to common shareholders. Thus, the weighted-average common equivalent shares used for purposed of computing diluted EPS are the same as those used to compute basic EPS for these periods. Shares excluded from the calculation as the effect of their conversion into shares of our common stock would be antidilutive were 10,826,232 as of the end of fiscal 2011.