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Shares Used In Computing Earnings (Loss) Per Share
3 Months Ended
Apr. 01, 2012
Shares Used In Computing Earnings (Loss) Per Share [Abstract]  
Shares Used In Computing Earnings (Loss) Per Share

Note 9. Shares Used in Computing Earnings (Loss) per Share

Basic earnings (loss) per share are calculated using the weighted average number of common shares issued and outstanding for the applicable period. Diluted loss per share is computed using basic weighted average shares issued and outstanding plus the dilutive effect of unvested restricted stock and outstanding stock options using the "treasury stock" method.

 

     Three Months Ended  
     April 1, 2012      April 3, 2011  

Weighted average shares - basic

     60,029,951         60,367,378   

Dilutive effect of unvested restricted shares and stock options

     —           —     
  

 

 

    

 

 

 

Weighted average shares - diluted

     60,029,951         60,367,378   
  

 

 

    

 

 

 

Our employees and directors held options to purchase 127,933 and 2,705,825 shares of our common stock for the three months ended April 1, 2012 and April 3, 2011, respectively, that were not included in weighted average shares diluted calculation because they were anti-dilutive to the diluted loss per share computation. These options would become dilutive in future periods if the average market price of our common stock exceeds the exercise price of the outstanding options and we report net earnings.