Net Loss Per Share - Note 12

9 Months Ended

Oct. 02, 2011

Net Loss Per Share [Abstract]

Net Loss Per Share Disclosure

12. Net Loss Per Share

The Company presents both basic and diluted earnings per share on the face of its condensed consolidated statements of operations. Basic earnings per share are computed by dividing net income by the weighted-average number of shares of common stock outstanding for the period. Diluted earnings per share are computed using the weighted-average number of shares of common stock outstanding plus the effect of all dilutive securities representing potential shares of common stock outstanding during the period. For the purposes of computing diluted earnings per share, weighted average common stock equivalents do not include stock options with an exercise price that exceeded the average market price of the Company's common stock for the period.

The following table summarizes the incremental shares of common stock from these potentially dilutive securities, calculated using the treasury stock method:

	Three Months Ended		Nine Months Ended
	October 2,	September 26,	October 2,	September 26,
	2011	2010	2011	2010
	(thousands)		(thousands)
Weighted-average shares outstanding - Basic	58,224	50,094	54,324	50,044
Diluted potential common shares from           stock options and restricted stock units	-	-	-	-
Weighted-average shares outstanding - Diluted	58,224	50,094	54,324	50,044

On May 16, 2011, the Company completed a registered public offering of 7,820,000 newly issued shares of the Company's common stock. These shares are included on a weighted-average basis for the three month and nine month periods ending October 2, 2011.

All outstanding stock options and restricted stock units are potentially dilutive securities, and as of October 2, 2011 and September 26, 2010, the combined total of stock options and RSUs outstanding were 7.2 million and 7.0 million, respectively. However, since the Company had net losses for the three and nine months ended October 2, 2011 and September 26, 2010, no potentially dilutive securities were included in the computation of diluted shares for those years as inclusion of such shares would have been anti-dilutive. Accordingly, basic and diluted net loss per share were the same in each period reported.