Basic And Diluted Net Income Per Share

3 Months Ended

Mar. 29, 2014

Earnings Per Share [Abstract]

Basic And Diluted Net Income Per Share

Basic and Diluted Net Income (Loss) Per Share

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

	Three Months Ended
(In thousands, except per share amounts)	March 29, 2014			March 30, 2013
Numerator:
Net income (loss)	$	(6,971	)	$	13,692
Denominator:
Basic weighted-average shares outstanding	28,144			27,571
Effect of dilutive employee stock options and restricted stock units	—			992
Diluted weighted-average shares outstanding	28,144			28,563
Net income (loss) per share - basic	$	(0.25	)	$	0.50
Net income (loss) per share - diluted	$	(0.25	)	$	0.48

The dilutive effect of outstanding options and restricted stock units is reflected in diluted net income per share, but not diluted net loss per share, by application of the treasury stock method, which includes consideration of stock-based compensation required by U.S. GAAP. As the Company had a net loss for the three month period ending March 29, 2014, both basic and diluted net loss per share are the same.

For the three month period ended March 29, 2014, a total of 2.9 million shares of common stock subject to outstanding options and restricted stock units were excluded from the computation of diluted net income (loss) per share as the resulting effect would have been anti-dilutive, compared to 1.1 million shares of common stock subject to outstanding options for the corresponding period of 2013.