Net Income (Loss) Per Share

9 Months Ended

Oct. 01, 2011

Net Income (Loss) Per Share

Net Income (Loss) Per Share

9.  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 approximately 373,000 and 335,000 anti-dilutive weighted average shares excluded from the calculation of weighted average number of common equivalent shares outstanding for the three and nine month periods ended October 1, 2011, respectively. For the three-month period ended October 2, 2010, approximately 462,000 anti-dilutive weighted shares were excluded from the calculation of weighted average number of common equivalent shares outstanding. For the nine month period ended October 2, 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 nine month periods ended October 1, 2011 and October 2, 2010, is as follows:

	Three Months Ended				Nine Months Ended
	October 1,		October 2,		October 1,		October 2,
(In thousands except per share amounts)	2011		2010		2011		2010
Net income (loss)	$	1,794	$	587	$	2,033	$	(1,420	)
Weighted-average number of common shares outstanding	5,015		4,986		5,008		4,986
Dilutive effect of potential common shares outstanding	9		2		11		—
Weighted-average number of common and common equivalent shares outstanding	5,024		4,988		5,018		4,986
Net income (loss) per share:
Basic	$	0.36	$	0.12	$	0.41	$	(0.28	)
Diluted	$	0.36	$	0.12	$	0.41	$	(0.28	)