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Income (Loss) Per Share
 6 Months Ended
Jun. 28, 2014
Earnings Per Share [Abstract]  
Income (Loss) per Share
Income (Loss) per Share

Basic income (loss) per share is computed based upon the weighted average number of common shares outstanding for the period. When applicable, diluted income (loss) per share is calculated using two approaches. The first approach, the treasury stock method, reflects the potential dilution that could occur if the stock options, RSUs and, when applicable, performance share units ("PSUs," and collectively with the stock options and RSUs, the "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 six months ended June 28, 2014, and June 29, 2013, the effect of approximately 21.0 million and 24.7 million shares, respectively, related to the exchange of the 7% Notes for common stock and the issuance of common stock upon exercise of the Equity Awards, 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): 
 
 
For the Three Months Ended
 
For the Six Months Ended
 
 
June 28,
2014
 
June 29,
2013
 
June 28,
2014
 
June 29,
2013
Numerator for basic and diluted loss per share:
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(39,301
)
 
$
(18,996
)
 
$
(56,088
)
 
$
(39,486
)
Income from discontinued operations, net of taxes
 
664

 
113

 
1,617

 
1,458

Net loss
 
$
(38,637
)
 
$
(18,883
)
 
$
(54,471
)
 
$
(38,028
)
Denominator for weighted average common shares outstanding:
 
 

 
 

 
 

 
 

Basic shares
 
66,496

 
63,922

 
66,416

 
63,881

Dilutive effect of 7% notes
 
—

 
—

 
—

 
—

Dilutive effect of Equity Awards
 
—

 
—

 
—

 
—

Diluted shares
 
66,496

 
63,922

 
66,416

 
63,881

 
 
 
 
 
 
 
 
 
(Loss) income per share – basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.59
)
 
$
(0.30
)
 
$
(0.84
)
 
$
(0.62
)
Discontinued operations
 
0.01

 
—

 
0.02

 
0.02

Net loss
 
$
(0.58
)
 
$
(0.30
)
 
$
(0.82
)
 
$
(0.60
)
 
 
 
 
 
 
 
 
 
(Loss) income per share – diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.59
)
 
$
(0.30
)
 
$
(0.84
)
 
$
(0.62
)
Discontinued operations
 
0.01

 
—

 
0.02

 
0.02

Net loss
 
$
(0.58
)
 
$
(0.30
)
 
$
(0.82
)
 
$
(0.60
)