XML 28 R9.htm IDEA: XBRL DOCUMENT v3.2.0.727
Net (Loss) Income Per Share
 6 Months Ended
Jul. 04, 2015
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share
Net (Loss) Income per Share:

We compute basic Net (loss) income per share by dividing Net (loss) income available to common stockholders by the weighted average number of common shares outstanding during the period. To determine diluted share count, we apply the treasury stock method to determine the dilutive effect of outstanding stock option shares, restricted stock units ("RSUs"), Employee Stock Purchase Plan ("ESPP") shares and treasury stock. Our application of the treasury stock method includes, as assumed proceeds, the average unamortized stock-based compensation expense for the period and the impact of the pro forma deferred tax benefit or cost associated with stock-based compensation expense. When we are in a net loss position, the treasury stock method is not used.

A reconciliation of basic and diluted Net (loss) income per share is presented below:

 
Three Months Ended
 
Six Months Ended
(in thousands, except per share data)
July 4, 2015
 
June 28, 2014
 
July 4, 2015
 
June 28, 2014
Basic and diluted Net (loss) income attributable to common stockholders
$
(35,570
)
 
$
11,771

 
$
(88,917
)
 
$
23,755

Shares used in basic Net (loss) income per share
116,903

 
117,904

 
116,883

 
117,170

Dilutive effect of stock options, RSUs and ESPP shares
—

 
3,040

 
—

 
2,871

Shares used in diluted Net (loss) income per share
116,903

 
120,944

 
116,883

 
120,041

Basic Net (loss) income per share
$
(0.30
)
 
$
0.10

 
$
(0.76
)
 
$
0.20

Diluted Net (loss) income per share
$
(0.30
)
 
$
0.10

 
$
(0.76
)
 
$
0.20



The computation of diluted Net (loss) income per share for the three and six months ended July 4, 2015 excludes the effects of stock options, RSUs, and ESPP shares, aggregating approximately 9.0 million and 10.8 million which are antidilutive. The computation of diluted Net (loss) income per share for the three and six months ended June 28, 2014 includes the effects of stock options, RSUs, and ESPP shares, aggregating approximately 3.0 million and 2.9 million, respectively, which are dilutive, and excludes the effects of stock options, RSUs and ESPP shares aggregating approximately 1.7 million and 2.3 million, respectively, which are antidilutive. Stock options, RSUs and ESPP shares are considered antidilutive when the aggregate of exercise price, unrecognized stock-based compensation expense and excess tax benefit are greater than the average market price for our common stock during the period or when the Company is in a net loss position, as the effects would reduce the loss per share. Stock options, RSUs and ESPP shares that are antidilutive at July 4, 2015 could become dilutive in the future.