Income (Loss) Per Share

6 Months Ended

Jul. 02, 2011

Earnings Per Share [Abstract]

Earnings Per Share Text Block

13. Income (Loss) Per Share

Basic income (loss) per share is computed based upon the weighted average number of common shares outstanding for the period. Diluted income (loss) per share reflects the potential dilution that could occur if stock options, restricted stock and RSUs to issue common stock were exercised under the treasury stock method. For the three and six months ended July 2, 2011 and July 3, 2010, the effect of approximately 6,008,059 and 5,828,520, respectively, stock options outstanding and unvested restricted stock and RSUs, which would be calculated using the treasury stock method, 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 periods ended (in thousands, except per share data):

		Three Months Ended				Six Months Ended
		July 2, 2011		July 3, 2010		July 2, 2011		July 3, 2010
Numerator for basic and diluted loss per share
Income (loss) from continuing operations	$	374	$	(8,292	)	$	3,158	$	(19,313	)
Loss from discontinued operations, net of taxes		—		(35	)		—		(122	)
Net income (loss)	$	374	$	(8,327	)	$	3,158	$	(19,435	)
Denominator for weighted average common shares outstanding:
Basic shares		62,862		62,216			62,802		62,166
Dilutive effect of equity awards		577		—			422		—
Diluted shares		63,439		62,216			63,224		62,166

Income (loss) per share – basic and diluted:
Continuing operations	$	0.01	$	(0.13	)	$	0.05	$	(0.31	)
Discontinued operations		—		—			—		—
Net income (loss)	$	0.01	$	(0.13	)	$	0.05	$	(0.31	)