Per Share Amounts and Common Shares Outstanding

We calculate our basic earnings per share by dividing net income or net loss by the weighted average number of common shares outstanding during the period. Diluted earnings per share are calculated in a similar manner, but include the effect of dilutive securities. To the extent these securities are antidilutive, they are excluded from the calculation of earnings per share. The per share amounts were computed as follows:



	Three Months Ended
	March 31, 2012			April 2, 2011
Income available to common shareholders:
Net loss	$	(571	)	$	(6,046	)

Weighted-average shares:
Basic:
Outstanding	13,863			14,127
Basic weighted-average shares	13,863			14,127

Diluted:
Basic from above	13,863			14,127
Incremental shares from assumed:
Exercise of stock options and awards	501			528
Diluted weighted-average shares	14,364			14,655

Net loss per share -- basic and diluted	$	(.04	)	$	(.43	)


J.	Per Share Amounts and Common Shares Outstanding (continued)

Common Shares Outstanding--A summary of the activity of the common shares outstanding for the three months ended March 31, 2012 follows:



Shares outstanding at January 1, 2012	13,845,635
Shares purchased	(126,379	)
Shares sold	147,455
Options and awards exercised	84,913
	105,989
Shares outstanding at March 31, 2012	13,951,624

On March 31, 2012, we had 13,951,624 common shares outstanding, and employee and director options exercisable to purchase 858,642 common shares.