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Net Income (Loss) Per Share
 9 Months Ended
Sep. 27, 2014
Net Income (Loss) Per Share [Abstract]  
Net Income (Loss) Per Share

NOTE 10.  Net Income (Loss) Per Share  

  

The following table sets forth the computation of basic and diluted net income (loss) per share:  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

September 27

 

September 28,

 

 

September 27

 

September 28,

(in thousands, except per share amounts)

2014

 

2013

 

 

2014

 

2013

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

$
5,473 

 

$
(3,232)

 

 

$
(2,248)

 

$
(16,575)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average common shares outstanding (1)

 
197,613 

 

 
205,377 

 

 

 
196,305 

 

 
204,638 

Dilutive effect of employee stock options and awards

 
3,131 

 

 

 —

 

 

 

 —

 

 

 —

Diluted weighted average common shares outstanding (1)

 
200,744 

 

 
205,377 

 

 

 
196,305 

 

 
204,638 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per share

$
0.03 

 

$
(0.02)

 

 

$
(0.01)

 

$
(0.08)

Diluted net income (loss) per share

$
0.03 

 

$
(0.02)

 

 

$
(0.01)

 

$
(0.08)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

PMC-Sierra Ltd. special shares are included in the calculation of basic and diluted weighted average common shares outstanding.

  

In the nine months ended September 27, 2014, the Company had approximately 3.3 million of stock options and Restricted Stock Units (2.1  million in the three and nine months ended September 28, 2013) that were not included in the diluted net loss per share because they would have been anti-dilutive.