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Net Loss Per Share
 9 Months Ended
Sep. 26, 2015
Net Loss Per Share [Abstract]  
Net 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 26,

 

September 27,

 

 

September 26,

 

September 27,

(in thousands, except per share amounts)

2015

 

2014

 

 

2015

 

2014

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

$
6,718 

 

$
5,473 

 

 

$
2,794 

 

$
(2,248)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average common shares outstanding (1)

 
194,562 

 

 
197,613 

 

 

 
196,848 

 

 
196,305 

Dilutive effect of employee stock options and awards

 
2,303 

 

 
3,131 

 

 

 
4,170 

 

 

 —

Diluted weighted average common shares outstanding (1)

 
196,865 

 

 
200,744 

 

 

 
201,018 

 

 
196,305 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income (loss) per share

$
0.03 

 

$
0.03 

 

 

$
0.01 

 

$
(0.01)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 that were not included in the diluted net loss per share because they would have been anti-dilutive.