Net Income Per Share

6 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Net Income Per Share

Net Income (loss) Per Share

Basic net income (loss) per share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted-average number of common and dilutive potential common shares outstanding during the period. Potential common shares include employee stock options and restricted stock units. For purposes of computing diluted net income per share, weighted average potential common shares do not include potential common shares that are anti-dilutive under the treasury stock method.

The following table sets forth the computation of basic and diluted net income per share from continuing operations: 

	Three Months Ended					Six Months Ended
(in thousands, except per share amounts)	September 30, 2012			October 2, 2011		September 30, 2012			October 2, 2011
Numerator (basic and diluted):
Net income (loss) from continuing operations	$	(683	)	$	8,100	$	(140	)	$	20,869
Denominator:
Weighted average common shares outstanding, basic	143,519			144,682		143,055			146,249
Dilutive effect of employee stock options and restricted stock units	—			1,487		—			2,437
Weighted average common shares outstanding, diluted	143,519			146,169		143,055			148,686
Basic net income (loss) per share from continuing operations	$	—		$	0.06	$	—		$	0.14
Diluted net income (loss) per share from continuing operations	—			0.06		—			0.14

Potential dilutive common shares of 17.6 million and 14.6 million pertaining to employee stock options and restricted stock units were excluded from the calculation of diluted earnings per share for the three months ended September 30, 2012 and October 2, 2011, respectively, because the effect would have been anti-dilutive. Potential dilutive common shares of 17.7 million and 11.4 million pertaining to employee stock options and restricted stock units were excluded from the calculation of diluted earnings per share for the six months ended September 30, 2012 and October 2, 2011, respectively, because the effect would have been anti-dilutive.