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Net (Loss) Income Per Share
 12 Months Ended
Dec. 28, 2013
Net (Loss) Income Per Share [Abstract]  
Net (Loss) Income Per Share

 

 

NOTE 17. NET (LOSS) INCOME PER SHARE

The following table sets forth the computation of basic and diluted net (loss) income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

December 28,

 

December 29,

 

December 31,

(in thousands, except per share amounts)

 

2013

 

2012

 

2011

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income:

 

$
(32,254)

 

$
(320,259)

 

$
71,426 

Denominator:

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding(1)

 

 
203,882 

 

 
216,593 

 

 
233,210 

Dilutive effect of employee stock options and awards

 

 

 -

 

 

 -

 

 
1,974 

Diluted weighted average common shares outstanding(1)

 

 
203,882 

 

 
216,593 

 

 
235,184 

Basic net (loss) income per share

 

$
(0.16)

 

$
(1.48)

 

$
0.31 

Diluted net (loss) income per share

 

$
(0.16)

 

$
(1.48)

 

$
0.30 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

PMC-Sierra,Ltd. Special Shares are included in the calculation of basic weighted average common shares outstanding.

 

 

 

 

 

 

 

 

 

 

 

In 2013 and 2012, the Company had approximately 2.0 million and 1.5 million stock-based awards, respectively, that were not included in diluted net loss per share because they would be antidilutive.