Earnings (Loss) Per Share

12 Months Ended

Apr. 01, 2012

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

NOTE 10.    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 periods. Diluted earnings per share (“EPS”) 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.

Our loss per share for the three fiscal years of 2012, 2011 and 2010 is summarized as follows (in thousands, except per share amount):

	April 1, 2012			March 27, 2011			March 28, 2010
Net loss	$	(28,797	)	$	(35,668	)	$	(28,110	)
Shares used in computation:
Weighted average shares of common stock outstanding used in computation of basic loss per share		44,796			44,218			43,584
Dilutive effect of stock options and restricted stock units		—			—			—
Shares used in computation of diluted loss per share		44,796			44,218			43,584
Loss per share—basic and diluted	$	(0.64	)	$	(0.81	)	$	(0.64	)

All outstanding stock options and restricted stock units (“RSUs”) are potentially dilutive securities, and as of April 1, 2012, March 27, 2011 and March 28, 2010, the combined total of stock options, warrants to purchase common stock and RSUs were 6.9 million, 6.6 million and 6.5 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.