Note 11 - Net Income (Loss) Per Share

12 Months Ended

Mar. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 11.    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):

	March 30, 2014		March 31, 2013		April 1, 2012
Net income (loss)	$	5,801	$	2,882	$	(28,056	)
Shares used in computation of net income (loss) per share:
Basic		47,291		45,809		44,796
Effect of options and awards		1,532		667		—
Diluted		48,823		46,476		44,796
Net income (loss) per share:
Basic	$	0.12	$	0.06	$	(0.63	)
Diluted	$	0.12	$	0.06	$	(0.63	)

All outstanding stock options and RSUs are potentially dilutive securities. As of March 30, 2014 and March 31, 2013, stock options of 1.4 million and 2.2 million, respectively, were excluded from the computation of diluted net income per share because they were determined to be anti-dilutive. For fiscal years 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. Accordingly, basic and diluted net loss per share were the same in each period presented.