Net (Loss) Income Per Share

3 Months Ended

Sep. 28, 2014

Earnings Per Share [Abstract]

Net (Loss) Income Per Share

Net Loss Per Share

Net loss per share was computed by dividing net loss by the weighted average number of common shares outstanding for the three months ended September 28, 2014 and September 29, 2013:

	Three Months Ended
	September 28, 2014			September 29, 2013
	(in thousands, except per share data)
Net loss	(719		)	(3,641		)
Shares used in computing basic and diluted net loss per share	71,042			91,444
Basic and diluted net loss per share	$	(0.01	)	$	(0.04	)
Antidilutive options and unvested stock excluded from the computations	4,146			5,955
Average market price of common stock	5.43			7.77

The antidilutive stock options and unvested stock were excluded from the computation of diluted net loss per share due to the net losses in the periods presented.

As the principal amount of the Convertible Senior Notes (Note 8) will be settled in cash upon conversion, only the conversion spread relating to the Convertible Senior Notes will be included in the calculation of diluted net income per common share. As such, the Convertible Senior Notes will have no impact on diluted net income per common share until the price of the Company's common stock exceeds the conversion price (initially $10.30, subject to adjustments) of the Convertible Senior Notes. When the market price of the Company's stock exceeds the conversion price, the effect of the additional shares that may be issued upon conversion of the Convertible Senior Notes will be included in the diluted net income per common share calculation. During the three month period ended September 28, 2014, there were no anti-dilutive shares resulting from the Convertible Senior Notes as the price of the Company's common stock did not exceed the conversion price.