NET (LOSS) INCOME PER SHARE

9 Months Ended

Sep. 29, 2012

Earnings Per Share [Abstract]

NET (LOSS) INCOME PER SHARE

NET (LOSS) INCOME PER SHARE

Basic net (loss) income per share is computed using the weighted average number of shares of common stock outstanding during the period less any non-vested restricted shares. Diluted earnings per common share is calculated using weighted average shares outstanding and contingently issuable shares, less weighted average shares reacquired during the period. The net outstanding shares are adjusted for the dilutive effect of shares issuable upon the assumed conversion of the Company’s common stock equivalents, which consist of outstanding stock options and unvested restricted stock units.

Weighted average common shares outstanding used to calculate earnings per share are as follows:

	Three Months Ended		Nine Months Ended
	September 29, 2012	September 24, 2011	September 29, 2012	September 24, 2011
Weighted average common shares outstanding-basic	63,415,345	64,292,212	63,572,753	64,519,225
Stock options and non-vested restricted common stock	—	1,149,166	—	1,104,582
Weighted average common shares outstanding-diluted	63,415,345	65,441,378	63,572,753	65,623,807

The following were not included in weighted average common shares outstanding-diluted because they are anti-dilutive or performance conditions have not been met at the end of the period.

	September 29, 2012	September 24, 2011
Non-vested restricted common stock	2,881,116	879,012
Stock options	1,838,345	1,583,550
Total	4,719,461	2,462,562