Earnings Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share

Earnings Per Share

2. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share data):

	Three Months Ended
	March 31, 2012		April 2,2011
Net income (loss)	$	14,320	$	(1,960	)
Shares used in computing basic earnings per share	42,458		44,269
Effect of dilutive securities:
Stock options and other stock-based awards	1,392		—
Shares used in computing diluted earnings per share	43,850		44,269
Earnings (loss) per share:
Basic	$	0.34	$	(0.04	)
Diluted	$	0.33	$	(0.04	)

For the three months ended March 31, 2012 and April 2, 2011, approximately 0.3 million and 0.3 million shares, respectively, were not included in the diluted earnings per share calculation since the shares were anti-dilutive. Further, shares used in calculating diluted net loss per share for the three months ended April 2, 2011 exclude 1.8 million shares due to the Company’s net loss for the period.