XML 110 R92.htm IDEA: XBRL DOCUMENT v3.3.1.900
Net Income (Loss) Per Share - Numerators and Denominators of Basic and Diluted Net Income (Loss) Per Share Computations (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
[1]
Oct. 02, 2015
[2]
Jul. 03, 2015
Apr. 03, 2015
[3]
Dec. 31, 2014
[1]
Sep. 26, 2014
[1],[2]
Jun. 27, 2014
[1]
Mar. 28, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Numerator:                      
Income (loss) from continuing operations                 $ (15,661) $ (46,248) $ 21,589
Income (loss) from discontinued operations                 0 0 15,438
Net income (loss) $ (7,199) $ (4,811) $ (994) $ (2,657) $ (4,854) $ 1,078 $ (37,062) $ (5,410) $ (15,661) $ (46,248) $ 37,027
Denominator:                      
Basic 84,932 87,991 88,426 88,655 88,012 90,618 93,966 97,921 87,514 92,508 106,529
Effect of dilutive securities from stock options, restricted stock units and ESPP                 0 0 1,279
Diluted (in shares) 84,932 87,991 88,426 88,655 88,012 91,800 93,966 97,921 87,514 92,508 107,808
Basic net income (loss) per share from:                      
Continuing operations, basic (usd per share)                 $ (0.18) $ (0.50) $ 0.20
Discontinued operations, basic (usd per share)                 0.00 0.00 0.14
Net income (loss) per share - basic $ (0.08) $ (0.05) $ (0.01) $ (0.03) $ (0.06) $ 0.01 $ (0.39) $ (0.06) (0.18) (0.50) 0.35
Diluted net income (loss) per share from:                      
Continuing operations, diluted (usd per share)                 (0.18) (0.50) 0.20
Discontinued operations, diluted (usd per share)                 0.00 0.00 0.14
Net income (loss) per share - diluted $ (0.08) $ (0.05) $ (0.01) $ (0.03) $ (0.06) $ 0.01 $ (0.39) $ (0.06) $ (0.18) $ (0.50) $ 0.34
[1] A history of operating losses in recent years has led to uncertainty with respect to the Company’s ability to realize certain net deferred tax assets, and as a result, the Company recorded increased valuation allowances of $24.5 million, $4.2 million and $0.3 million, in the second, third and fourth quarters of fiscal 2014, respectively, against its U.S. net deferred tax assets. In 2015, the Company continued to record a valuation allowance against all of its U.S. net deferred tax assets, resulting in an increase in valuation allowance of $3.1 million in the fourth quarter of fiscal 2015. This increase in valuation allowance is offset partially by the release of $0.9 million valuation allowance against one of its Israel subsidiaries due to cumulative income generated in recent years.
[2] In the third quarter of fiscal 2015 and 2014, the Company recorded tax benefits of $0.5 million and $9.0 million, respectively, resulting from the expiration of the applicable statute of limitations relating to the tax audits in the U.S. for the years of 2011 and 2010, respectively.
[3] In the first quarter of fiscal 2015, the Company recorded an impairment charge of $2.5 million for its investment in VJU iTV Development GmbH as a result of its assessment that this investment was impaired on an other-than-temporary basis (See Note 5, “Investments in Other Equity Securities,” of the notes to our Consolidated Financial Statements for additional information).