NET INCOME (LOSS) PER SHARE

3 Months Ended

Mar. 30, 2014

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

NET INCOME (LOSS) PER SHARE

We present both basic and diluted net income (loss) per share on the face of our Condensed Consolidated Statements of Operations in accordance with the authoritative guidance on earnings per share. Basic net loss per common share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding for the period. Diluted net income (loss) per share of common stock is computed using the weighted average number of shares of common stock outstanding plus the effect of common stock equivalents, unless the common stock equivalents are anti-dilutive. The potential dilutive shares of our common stock resulting from assumed exercises of equity related instruments are determined using the treasury stock method. Under the treasury stock method, an increase in the fair market value of our common stock will result in a greater number of dilutive securities.

The following table presents the computation of net income (loss) per share of common stock (in thousands, except per share data):

	Three Months Ended
	March 30, 2014		March 31, 2013
Numerator:
Net income (loss)	$	2,465	$	(9,508	)
Denominator:
Weighted-average shares outstanding - basic	66,275		58,728
Effect of dilutive stock options and restricted stock units	1,696		—
Weighted-average shares outstanding - diluted	67,971		58,728
Net income (loss) per share of common stock:
Basic	$	0.04	$	(0.16	)
Diluted	$	0.04	$	(0.16	)

For the three months ended March 30, 2014, options totaling 1.9 million were excluded from diluted net income per share because their inclusion would have been anti-dilutive. For the three months ended March 31, 2013, options and RSUs totaling 8.2 million were excluded from diluted net loss per share because of their anti-dilutive effect.