NET INCOME (LOSS) PER SHARE

9 Months Ended

Dec. 30, 2012

NET INCOME (LOSS) PER SHARE

NOTE 10.       NET INCOME (LOSS) PER SHARE

Basic net income (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 net income 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 net income (loss) per share for the periods indicated below (in thousands, except per share amounts):

	Three Months Ended					Nine Months Ended
	December  30, 2012		January  1, 2012			December  30, 2012		January  1, 2012
Net income (loss)	$	1,523	$	(4,733	)	$	1,210	$	(7,236	)
Shares used in computation of net income (loss) per share:
Basic		45,925		44,830			46,228		44,726
Diluted		46,438		44,830			46,623		44,726
Net income (loss) per share
Basic	$	0.03	$	(0.11	)	$	0.03	$	(0.16	)
Diluted	$	0.03	$	(0.11	)	$	0.03	$	(0.16	)

In the three and nine months ended December 30, 2012, approximately 3.2 million shares and 3.8 million shares, respectively, were excluded from the computation of diluted net income per share because they were determined to be anti-dilutive. For the three months and nine months ended January 1, 2012, all shares attributable to outstanding options and RSUs were excluded from the computation of diluted net loss per share, as inclusion of such shares would have had an anti-dilutive effect.

Warrants to purchase common stock of approximately 0.3 million shares expired unexercised in the first quarter of fiscal year 2012.