Note 10 - Net Income (Loss) Per Share

9 Months Ended

Dec. 29, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

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

	Three Months Ended					Nine Months Ended
	December29, 2013			December30, 2012		December29, 2013		December30, 2012
Net income (loss)	$	(1,634	)	$	1,523	$	5,654	$	1,210
Shares used in computation of net income (loss) per share:
Basic		47,529			45,925		47,277		46,228
Effect of options and awards		—			513		1,538		395
Diluted		47,529			46,438		48,815		46,623
Net income (loss) per share
Basic	$	(0.03	)	$	0.03	$	0.12	$	0.03
Diluted	$	(0.03	)	$	0.03	$	0.12	$	0.03

All outstanding stock options and restricted stock units (“RSUs”) are potentially dilutive securities. In the three months ended December 29, 2013, 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 an anti-dilutive effect. In the nine months ended December 29, 2013, approximately 1.1 million shares were excluded from the computation of diluted net income per share because they were determined to be anti-dilutive.

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.