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Net Income (Loss) Per Share (Notes)
 3 Months Ended
Mar. 30, 2013
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share
Basic net income (loss) per share is computed based on the weighted average number of shares outstanding and shares issuable upon exercise of warrants issued by the Company to West Coast Hitech L.P., in connection with the initial GF transaction in 2009. The warrants became exercisable on July 24, 2009.
Diluted net income per share is computed based on the weighted average number of shares outstanding plus any potentially dilutive shares outstanding. Potentially dilutive shares include stock options, restricted stock units and shares issuable upon the conversion of convertible debt.
The following table sets forth the components of basic and diluted income (loss) per share:
 
 
 
Quarter Ended
 
 
March 30,
2013
 
March 31,
2012
 
 
(In millions, except per share amounts)
Numerator – Net loss:
 
 
 
 
Numerator for basic and diluted net loss per share
 
$
(146
)
 
$
(590
)
Denominator – Weighted average shares
 
 
 
 
Denominator for basic and diluted net loss per share
 
749

 
734

Net loss per share:
 
 
 
 
Basic
 
$
(0.19
)
 
$
(0.80
)
Diluted
 
$
(0.19
)
 
$
(0.80
)

Potential shares from outstanding stock options and restricted stock awards totaling approximately 56 million were not included in the net loss per share calculation for the first quarter of 2013 because their inclusion would have been anti-dilutive.
Potential shares (i) from outstanding stock options and restricted stock awards totaling approximately 32 million and (ii) issuable under the 5.75% Notes totaling 24 million were not included in the net loss per share calculation for the first quarter of 2012 because their inclusion would have been anti-dilutive.