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Income (Loss) Per Share
 3 Months Ended
Mar. 28, 2015
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 senior exchangeable notes due 2017 (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 three months ended March 28, 2015, and March 29, 2014, the effect of approximately 20.3 million and 21.1 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 months ended March 28, 2015, and March 29, 2014 (in thousands, except per share data): 
 
 
For the Three Months Ended
 
 
March 28,
2015
 
March 29,
2014
Numerator for basic and diluted (loss) income per share:
 
 
 
 
Loss from continuing operations
 
$
(7,647
)
 
$
(16,787
)
(Loss) income from discontinued operations, net of taxes
 
(32
)
 
953

Net loss
 
$
(7,679
)
 
$
(15,834
)
Denominator for weighted average common shares outstanding:
 
 

 
 

Basic shares
 
67,746

 
66,336

Dilutive effect of 7% Notes
 
—

 
—

Dilutive effect of Equity Awards
 
—

 
—

Diluted shares
 
67,746

 
66,336

 
 
 
 
 
(Loss) income per share – basic:
 
 
 
 
Continuing operations
 
$
(0.11
)
 
$
(0.25
)
Discontinued operations
 
—

 
0.01

Net loss
 
$
(0.11
)
 
$
(0.24
)
 
 
 
 
 
(Loss) income per share – diluted:
 
 
 
 
Continuing operations
 
$
(0.11
)
 
$
(0.25
)
Discontinued operations
 
—

 
0.01

Net loss
 
$
(0.11
)
 
$
(0.24
)