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Income (Loss) Per Share
 9 Months Ended
Sep. 26, 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, PSUs (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 nine months ended September 26, 2015, and September 27, 2014, the effect of approximately 20.1 million and 20.3 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 26, 2015, and September 27, 2014 (in thousands, except per share data): 
 
 
For the Three Months Ended
 
For the Nine Months Ended
 
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
Numerator for basic and diluted (loss) income per share:
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(3,562
)
 
$
(14,030
)
 
$
(15,096
)
 
$
(71,655
)
Income from discontinued operations, net of taxes
 
319

 
3,137

 
1,769

 
6,291

Net loss
 
$
(3,243
)
 
$
(10,893
)
 
$
(13,327
)
 
$
(65,364
)
Denominator for weighted average common shares outstanding:
 
 

 
 

 
 

 
 

Basic shares
 
67,874

 
67,296

 
67,817

 
66,709

Dilutive effect of 7% Notes
 
—

 
—

 
—

 
—

Dilutive effect of Equity Awards
 
—

 
—

 
—

 
—

Diluted shares
 
67,874

 
67,296

 
67,817

 
66,709

 
 
 
 
 
 
 
 
 
(Loss) income per share – basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.05
)
 
$
(0.21
)
 
$
(0.22
)
 
$
(1.07
)
Discontinued operations
 
—

 
0.05

 
0.02

 
0.09

Net loss
 
$
(0.05
)
 
$
(0.16
)
 
$
(0.20
)
 
$
(0.98
)
 
 
 
 
 
 
 
 
 
(Loss) income per share – diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.05
)
 
$
(0.21
)
 
$
(0.22
)
 
$
(1.07
)
Discontinued operations
 
—

 
0.05

 
0.02

 
0.09

Net loss
 
$
(0.05
)
 
$
(0.16
)
 
$
(0.20
)
 
$
(0.98
)