Net Income (Loss) Per Share

6 Months Ended

Jul. 02, 2011

Net Income (Loss) Per Share

Net Income (Loss) Per Share

8.  Net Income (Loss) Per Share

Basic and diluted income (loss) per share is presented in accordance with ASC Topic 260, Earnings Per Share. Basic income (loss) per share excludes dilution and is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period.  Diluted income per share includes dilutive potential common shares outstanding and is computed by dividing income available to common stockholders by the weighted-average number of common and common equivalent shares outstanding for the period.

There were 362,067 and 315,739 anti-dilutive weighted average shares excluded from the calculation of weighted average number of common equivalent shares outstanding for the three and six month periods ended July 2, 2011, respectively. For the three and six month periods ended July 3, 2010, all potential common shares outstanding were considered anti-dilutive and excluded from the calculation of weighted average number of common and common equivalent shares outstanding because we reported a net loss. The computation of basic and diluted income (loss) per share for the three and six month periods ended July 2, 2011 and July 3, 2010, is as follows:

	Three Months Ended					Six Months Ended
	July 2,		July 3,			July 2,		July 3,
(In thousands except per share amounts)	2011		2010			2011		2010
Net income (loss)	$	37	$	(842	)	$	239	$	(2,007	)
Weighted-average number of common shares outstanding	5,012		4,986			5,004		4,986
Dilutive effect of potential common shares outstanding	15		—			12		—
Weighted-average number of common and common equivalent shares outstanding	5,027		4,986			5,016		4,986
Net income (loss) per share:
Basic	$	0.01	$	(0.17	)	$	0.05	$	(0.40	)
Diluted	$	0.01	$	(0.17	)	$	0.05	$	(0.40	)