Income (Loss) Per Share

9 Months Ended

Oct. 01, 2011

Income (Loss) per Share [Abstract]

Income (Loss) 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 nine months ended October 1, 2011 and October 2, 2010, the effect of approximately 5,731,478 and 5,085,341, 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				Nine Months Ended
		October 1, 2011		October 2, 2010		October 1, 2011		October 2, 2010
Numerator for basic and diluted loss per share:
Income (loss) from continuing operations	$	2,805	$	(159,989	)	$	5,963	$	(179,302	)
Income from discontinued operations, net of taxes		—		2,800			—		2,678
Net income (loss)	$	2,805	$	(157,189	)	$	5,963	$	(176,624	)
Denominator for weighted average common shares outstanding:
Basic shares		63,068		62,473			62,891		62,268
Dilutive effect of equity awards		129		—			266		—
Diluted shares		63,197		62,473			63,157		62,268

Income (loss) per share – basic and diluted:
Continuing operations	$	0.04	$	(2.56	)	$	0.09	$	(2.88	)
Discontinued operations		—		0.04			—		0.04
Net income (loss)	$	0.04	$	(2.52	)	$	0.09	$	(2.84	)