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Income (Loss) Per Share
 3 Months Ended
Apr. 02, 2016
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, 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, if any, 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, the effect of approximately 20.3 million shares related to the exchange of the 7% Notes for common stock were excluded from the calculation of diluted income (loss) per share, as the effect would be anti-dilutive.

For the three months ended April 2, 2016, and March 28, 2015, the effect of approximately 2.9 million and 1.9 million shares, respectively, related to 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 income (loss) per share for the three months ended April 2, 2016, and March 28, 2015 (in thousands, except per share data): 
 
 
For the Three Months Ended
 
 
April 2,
2016
 
March 28,
2015
Numerator for basic and diluted income (loss) per share:
 
 
 
 
Income (loss) from continuing operations
 
$
13,020

 
$
(8,179
)
(Loss) income from discontinued operations, net of taxes
 
(1,817
)
 
500

Net income (loss)
 
$
11,203

 
$
(7,679
)
Numerator for diluted (loss) income per share:
 
 
 
 
Income (loss) from continuing operations - as reported
 
$
13,020

 
$
(8,179
)
Interest expense on 7% Notes, net of taxes
 
1,210

 
—

Income (loss) from continuing operations - after assumed conversions of dilutive shares
 
14,230

 
(8,179
)
(Loss) income from discontinued operations, net of taxes
 
(1,817
)
 
500

Net income (loss) for diluted loss per share - after assumed conversions of dilutive shares
 
$
12,413

 
$
(7,679
)
Denominator for weighted average common shares outstanding:
 
 

 
 

Basic shares
 
67,874

 
67,746

Dilutive effect of 7% Notes
 
15,053

 
—

Dilutive effect of Equity Awards
 
—

 
—

Diluted shares
 
82,927

 
67,746

 
 
 
 
 
Income (loss) per share – basic:
 
 
 
 
Continuing operations
 
$
0.19

 
$
(0.12
)
Discontinued operations
 
(0.02
)
 
0.01

Net income (loss)
 
$
0.17

 
$
(0.11
)
 
 
 
 
 
Income (loss) per share – diluted:
 
 
 
 
Continuing operations
 
$
0.17

 
$
(0.12
)
Discontinued operations
 
(0.02
)
 
0.01

Net income (loss)
 
$
0.15

 
$
(0.11
)