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Income (Loss) Per Share
 12 Months Ended
Dec. 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, PSUs, (collectively, 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 years ended 2014, 2013 and 2012, the effect of approximately 20.3 million, 22.9 million and 24.1 million shares, respectively, related to the exchange of the 7% Notes for common stock and the issuance of common stock upon exercise of 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 (loss) income per share for the periods ended (in thousands, except per share data): 
 
 
For The Years Ended
 
 
2014
 
2013
 
2012
Numerator for basic and diluted loss per share:
 
 
 
 
 
 
Loss from continuing operations
 
$
(86,319
)
 
$
(85,527
)
 
$
(80,528
)
Income from discontinued operations, net of taxes
 
2,456

 
16,741

 
641

Net loss
 
$
(83,863
)
 
$
(68,786
)
 
$
(79,887
)
Denominator for weighted average common shares outstanding:
 
 

 
 

 
 

Basic shares
 
66,952

 
64,576

 
63,567

Dilutive effect of 7% Notes
 
—

 
—

 
—

Dilutive effect of Equity Awards
 
—

 
—

 
—

Diluted shares
 
66,952

 
64,576

 
63,567

 
 
 
 
 
 
 
(Loss) income per share – basic:
 
 
 
 
 
 
Continuing operations
 
$
(1.29
)
 
$
(1.32
)
 
$
(1.27
)
Discontinued operations
 
0.04

 
0.25

 
0.01

Net loss
 
$
(1.25
)
 
$
(1.07
)
 
$
(1.26
)
 
 
 
 
 
 
 
(Loss) income per share – diluted:
 
 
 
 
 
 
Continuing operations
 
$
(1.29
)
 
$
(1.32
)
 
$
(1.27
)
Discontinued operations
 
0.04

 
0.25

 
0.01

Net loss
 
$
(1.25
)
 
$
(1.07
)
 
$
(1.26
)