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Income (Loss) Per Share
 9 Months Ended
Sep. 27, 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 nine months ended September 27, 2014, and September 28, 2013, the effect of approximately 20.3 million and 24.0 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 three and nine months ended September 27, 2014, and September 28, 2013 (in thousands, except per share data): 
 
 
For the Three Months Ended
 
For the Nine Months Ended
 
 
September 27,
2014
 
September 28,
2013
 
September 27,
2014
 
September 28,
2013
Numerator for basic and diluted (loss) income per share:
 
 
 
 
 
 
 
 
(Loss) income from continuing operations
 
$
(10,794
)
 
$
13,427

 
$
(66,882
)
 
$
(26,059
)
(Loss) income from discontinued operations, net of taxes
 
(99
)
 
13,492

 
1,518

 
14,950

Net (loss) income
 
$
(10,893
)
 
$
26,919

 
$
(65,364
)
 
$
(11,109
)
Numerator for diluted (loss) income per share:
 
 
 
 
 
 
 
 
(Loss) income from continuing operations - as reported
 
$
(10,794
)
 
$
13,427

 
$
(66,882
)
 
$
(26,059
)
Interest expense on 7% Notes, net of taxes
 
—

 
1,020

 
—

 
—

(Loss) income from continuing operations - after assumed conversions of dilutive shares
 
(10,794
)
 
14,447

 
(66,882
)
 
(26,059
)
(Loss) income from discontinued operations, net of taxes
 
(99
)
 
13,492

 
1,518

 
14,950

Net (loss) income for diluted loss per share - after assumed conversions of dilutive shares
 
$
(10,893
)
 
$
27,939

 
$
(65,364
)
 
$
(11,109
)
Denominator for weighted average common shares outstanding:
 
 

 
 

 
 

 
 

Basic shares
 
67,296

 
64,333

 
66,709

 
64,032

Dilutive effect of 7% Notes
 
—

 
20,831

 
—

 
—

Dilutive effect of Equity Awards
 
—

 
868

 
—

 
—

Diluted shares
 
67,296

 
86,032

 
66,709

 
64,032

 
 
 
 
 
 
 
 
 
(Loss) income per share – basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.16
)
 
$
0.21

 
$
(1.00
)
 
$
(0.40
)
Discontinued operations
 
—

 
0.21

 
0.02

 
0.23

Net (loss) income
 
$
(0.16
)
 
$
0.42

 
$
(0.98
)
 
$
(0.17
)
 
 
 
 
 
 
 
 
 
(Loss) income per share – diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.16
)
 
$
0.16

 
$
(1.00
)
 
$
(0.40
)
Discontinued operations
 
—

 
0.16

 
0.02

 
0.23

Net (loss) income
 
$
(0.16
)
 
$
0.32

 
$
(0.98
)
 
$
(0.17
)