Net Income per Common Share
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Dec. 23, 2012
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Net income (loss) per common share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Income per Common Share | 14. Net Income per Common Share The Company calculates earnings per share using the two-class method. The two-class method requires allocating the Company's net income to both common shares and participating securities. The Company's participating securities include the unvested, outstanding RSUs to the extent the RSUs provide for the right to receive dividend equivalents. The following table provides a reconciliation of the numerator and denominator of the basic and diluted per-share computations for the three and six months ended December 23, 2012 and December 25, 2011 (in thousands, except per share amounts):
For the three and six months ended December 23, 2012, 2.4 million shares and 2.4 million shares of common stock equivalents, respectively, were antidilutive and were not included in the computation of diluted earnings per share for these periods. Additionally, for the three and six months ended December 25, 2011, 0.9 million shares and 0.9 million shares of common stock equivalents, respectively, were antidilutive and were not included in the computation of diluted earnings per share for these periods. In addition, for the three and six months ended December 23, 2012, 0.8 million shares and 0.8 million shares, respectively, of contingently issuable restricted stock units for which all necessary conditions had not been met were not included in the computation of diluted earnings per share. |