XML 35 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings (Loss) Per Share
 9 Months Ended
Jan. 01, 2012
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share

NOTE 9. EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share excludes dilution and is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that would occur if outstanding stock options or warrants to purchase common stock were exercised for common stock, using the treasury stock method, and the common stock underlying outstanding restricted stock units ("RSUs") were issued.

The following summarizes the incremental share of common stock from these potentially dilutive securities, calculated using the treasury stock method:

 

     Three Months Ended     Nine Months Ended  
     January 1,
2012		     December 26,
2010		     January 1,
2012		     December 26,
2010		  

Net loss

    $ (4,733 )    $ (4,959 )    $ (7,236 )    $ (16,832 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Shares used in computation:

         

Weighted average shares of common stock outstanding used in computation of basic loss per share

      44,830        44,300        44,726        44,123   

Dilutive effect of stock options and restricted stock units

      —          —          —          —     
  

 

 

    

 

 

    

 

 

    

 

 

  

Shares used in computation of diluted loss per share

      44,830        44,300        44,726        44,123   
  

 

 

    

 

 

    

 

 

    

 

 

  

Loss per share - basic and diluted

    $ (0.11 )    $ (0.11 )    $ (0.16 )    $ (0.38 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

 

All outstanding stock options and restricted stock units ("RSUs") are potentially dilutive securities, and as of January 1, 2012 and December 26, 2010, the combined total of stock options, warrants to purchase common stock and RSUs were 6.4 million and 7.5 million shares, respectively. Warrants to purchase common stock of approximately 0.3 million shares expired unexercised in the first quarter of fiscal year 2012. However, since the Company had net losses in all periods presented, no potentially dilutive securities were included in the computation of dilutive shares, as inclusion of such shares would have been anti-dilutive. Accordingly, basic and diluted net loss per share were the same in each period presented.