Net Income (Loss) Per Share

9 Months Ended

Apr. 01, 2012

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Income (Loss) Per Share

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period and excludes any dilutive effects of options and stock awards. Diluted net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares used in the basic earnings (loss) per share calculation plus the dilutive effect of options, stock awards and ESPP.

The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data):

	Three Months Ended					Nine Months Ended
	April 1, 2012		March 27, 2011			April 1, 2012		March 27, 2011
Net income (loss)	$	2,372	$	(6,841	)	$	8,062	$	4,800
Weighted-average shares used in per share calculation – basic	93,659		91,578			93,205		91,103
Incremental shares using the treasury stock method:
Stock options	389		—			329		435
Unvested restricted awards	474		—			595		864
Employee Stock Purchase Plan	78		—			116		124
Weighted-average share used in per share calculation – diluted	94,600		91,578			94,245		92,526
Net income (loss) per share – basic	$	0.03	$	(0.07	)	$	0.09	$	0.05
Net income (loss) per share – diluted	$	0.03	$	(0.07	)	$	0.09	$	0.05

Potentially dilutive common shares from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding restricted stock units, and the assumed issuance of common stock under the stock purchase plan. Weighted stock options outstanding with an exercise price higher than the Company's average stock price for the periods presented are excluded from the calculation of diluted net income per share since the effect of including them would have been anti-dilutive due to the net income position of the Company during the periods presented. For the three and nine months ended April 1, 2012, the Company excluded 8.2 million and 8.5 million outstanding weighted average stock options, respectively, from the calculation of diluted earnings per common share because they would have been anti-dilutive.  The Company excluded 10.2 million and 7.4 million outstanding weighted average stock options from the calculation of diluted earnings per common share in both the three and nine months ended March 27, 2011 because they would have been anti-dilutive.