Earnings (Loss) Per Share

3 Months Ended

Jul. 01, 2012

Earnings 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 applicable 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”) was issued.

The following table summarizes our loss per share for the periods indicated below (in thousands, except per share amounts):

	Three Months Ended
	July 1, 2012			July 3, 2011
Net loss	$	(576	)	$	(1,426	)
Shares used in computation of loss per share		45,388			44,599
Loss per share – basic and diluted	$	(0.01	)	$	(0.03	)

All outstanding stock options and restricted stock units (“RSUs”) are potentially dilutive securities, and as of July 1, 2012 and July 3, 2011, the combined total of stock options, warrants to purchase common stock and RSUs were 6.8 million and 6.4 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 we 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