Basic And Diluted Net Income Per Share

6 Months Ended

Jul. 04, 2015

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 loss per share:

	Three Months Ended					Six Months Ended
(In thousands, except per share amounts)	July 4, 2015		June 28, 2014			July 4, 2015			June 28, 2014
Numerator:
Net income (loss)	$	1,539	$	(3,890	)	$	(148	)	$	(10,861	)
Denominator:
Basic weighted-average shares outstanding	27,780		28,320			27,799			28,265
Effect of dilutive employee stock options and restricted stock units	200		—			—			—
Diluted weighted-average shares outstanding	27,980		28,320			27,799			28,265
Net income (loss) per share - basic	$	0.06	$	(0.14	)	$	(0.01	)	$	(0.38	)
Net income (loss) per share - diluted	$	0.06	$	(0.14	)	$	(0.01	)	$	(0.38	)

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.

For the three and six month periods ended July 4, 2015, a total of 2.8 million and 3.2 million, shares of common stock, subject to outstanding options and restricted stock units, respectively were excluded from the computation of diluted net income (loss) per share as the resulting effect would have been anti-dilutive, as compared to a total of 2.9 million and 2.8 million shares of common stock subject to outstanding options and restricted stock units, which were excluded from the computation of diluted net income (loss) per share for the three and six month periods ended June 28, 2014, respectively.