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Income (Loss) Per Share
 9 Months Ended
Sep. 29, 2012
Earnings Per Share [Abstract]  
Income (Loss) per Share [Text Block]
 Income (Loss) per Share

Basic income (loss) per share is computed based upon the weighted average number of common shares outstanding for the period. Diluted income (loss) per share for the three months ended September 29, 2012, is calculated using two approaches. The first approach, the treasury stock method, reflects the potential dilution that could occur if the stock options and RSUs (“Equity Awards”) to issue common stock were exercised. The second approach, the if converted method, reflects the potential dilution of the Equity Awards and the 7% Notes being exchanged for common stock. Under this method, interest expense associated with the 7% Notes, net of tax, is added back to income from continuing operations and the shares outstanding are increased by the underlying 7% Notes equivalent.

For the nine months ended September 29, 2012 and October 1, 2011, the effect of approximately 25,066,150 and 5,731,478, respectively, related to the exchange of the 7% Notes for common stock, stock options outstanding and unvested RSUs, which would be calculated using the treasury stock method, were excluded from the calculation of diluted income (loss) per share, as the effect would be anti-dilutive.

The following table sets forth the computation of basic and diluted income (loss) per share for the periods ended (in thousands, except per share data):
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 29, 2012
 
October 1, 2011
 
September 29, 2012
 
October 1, 2011
Numerator for basic income (loss) per share:
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
4,658

 
$
1,274

 
$
(17,888
)
 
$
735

(Loss) income from discontinued operations, net of taxes
 
(183
)
 
1,531

 
(5,256
)
 
5,228

Net income (loss)
 
$
4,475

 
$
2,805

 
$
(23,144
)
 
$
5,963

Numerator for diluted income (loss) per share:
 
 
 
 
 
 
 
 
Income (loss) from continuing operations - as reported
 
$
4,658

 
$
1,274

 
$
(17,888
)
 
$
735

Interest expense on 7% Notes, net of taxes
 
1,020

 
—

 
—

 
—

Income (loss) from continuing operations - after assumed conversions of dilutive shares
 
5,678

 
1,274

 
(17,888
)
 
735

(Loss) income from discontinued operations, net of taxes
 
(183
)
 
1,531

 
(5,256
)
 
5,228

Net income for diluted income (loss) per share after assumed conversions of dilutive shares
 
$
5,495

 
$
2,805

 
$
(23,144
)
 
$
5,963

Denominator for weighted average common shares outstanding:
 
 

 
 

 
 

 
 

Basic shares
 
63,624

 
63,068

 
63,502

 
62,891

Dilutive effect of convertible notes
 
20,831

 
—

 
—

 
—

Dilutive effect of equity awards
 
89

 
129

 
—

 
266

Diluted shares
 
84,544

 
63,197

 
63,502

 
63,157

 
 
 
 
 
 
 
 
 
Income (loss) per share – basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.07

 
$
0.02

 
$
(0.28
)
 
$
0.01

Discontinued operations
 
—

 
0.02

 
(0.08
)
 
0.08

Net income (loss)
 
$
0.07

 
$
0.04

 
$
(0.36
)
 
$
0.09

 
 
 
 
 
 
 
 
 
Income (loss) per share – diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.06

 
$
0.02

 
$
(0.28
)
 
$
0.01

Discontinued operations
 
—

 
0.02

 
(0.08
)
 
0.08

Net income (loss)
 
$
0.06

 
$
0.04

 
$
(0.36
)
 
$
0.09