NET INCOME (LOSS) PER SHARE

3 Months Ended

Mar. 27, 2016

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 income (loss) per common share is computed by dividing net income 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 are determined using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options, the amount of compensation cost yet to be recognized for future service, and the amount of tax benefits that is to be recorded when the award becomes deductible are assumed to be used to repurchase shares.

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 27, 2016			March 29, 2015
Numerator:
Net income (loss)	$	(4,001	)	$	6,305
Denominator:
Weighted-average shares outstanding - basic	75,523			74,700
Effect of dilutive stock options and restricted stock units	—			2,565
Weighted-average shares outstanding - diluted	75,523			77,265
Net income (loss) per share of common stock:
Basic	$	(0.05	)	$	0.08
Diluted	$	(0.05	)	$	0.08

For the three months ended March 27, 2016, options and RSUs totaling 2.6 million shares were excluded from diluted net income per share because their inclusion would have been anti-dilutive. For the three months ended March 29, 2015, options and RSUs totaling 0.7 million shares were excluded from diluted net income per share because their inclusion would have been anti-dilutive effect.