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Net Income per Common Share
3 Months Ended
Dec. 23, 2012
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):
 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
December 23, 2012
 
 
December 25, 2011
 
 
December 23, 2012
 
 
December 25, 2011
 
Net income (loss)  
 
$
(32,722
)
 
$
(6,337
)
 
$
(61,497
)
 
$
15,626
 
Less: Income allocated to participating securities
 
 
 
 
 
 
 
 
 
 
 
181
 
Income (loss) available to common stockholders
 
$
(32,722
)
 
$
(6,337
)
 
$
(61,497
)
 
$
15,445
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per common share - basic
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
69,144
 
 
 
69,046
 
 
 
69,213
 
 
 
69,408
 
Net income (loss) per common share-basic
 
$
(0.47
)
 
$
(0.09
)
 
$
(0.89
)
 
$
0.22
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per common share - diluted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
 
 
69,144
 
 
 
69,046
 
 
 
69,213
 
 
 
69,408
 
Effect of dilutive securities – stock options and RSUs
 
 
 
 
 
 
 
 
 
 
 
475
 
Weighted-average common shares and potentially dilutive securities outstanding-dilutive
 
 
69,144
 
 
 
69,046
 
 
 
69,213
 
 
 
69,883
 
Net income (loss) per common share-dilutive
 
$
(0.47
)
 
$
(0.09
)
 
$
(0.89
)
 
$
0.22
 


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.