Net Income/(Loss) Per Share

6 Months Ended

Jun. 29, 2013

Earnings Per Share [Abstract]

Net Income/(Loss) Per Share

Net Income/(Loss) Per Share

The Company presents both basic and diluted earnings per share on the face of its condensed consolidated statements of operations. Basic earnings per share are computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding for the period. Diluted earnings per share are computed using the weighted-average number of shares of common stock outstanding plus the effect of all dilutive securities representing potential shares of common stock outstanding during the period.

A reconciliation of the share denominator of the basic and diluted net income (loss) per share computations for the three and six months ended June 29, 2013, and June 30, 2012, is as follows (in thousands):

	Three Months Ended		Six Months Ended
	June 29, 2013	June 30, 2012	June 29, 2013	June 30, 2012
Weighted average common shares outstanding used in basic net income (loss) per share calculation	23,138	23,395	23,240	23,372
Dilutive common stock equivalents, using treasury stock method	—	482	—	552
Shares used in diluted net income (loss) per share computation	23,138	23,877	23,240	23,924

Since the Company had a net loss for the three and six month periods ended June 29, 2013, 344 and 367 potentially dilutive securities, respectively, were not included in the computation of diluted shares for the periods as inclusion of such shares would have been anti-dilutive. Accordingly, basic and diluted net loss per share were the same for the three and six month periods ending June 29, 2013.