| EARNINGS PER SHARE (EPS) |
15. EARNINGS (LOSS) PER SHARE | | The following table illustrates the calculation of Basic and Diluted EPS (in thousands, except per share amounts): | | | | | | Year Ended | | | | | | December 30, | | December 31, | | January 1, | | | | | | 2011 | | 2010 | | 2010 | | | Numerator for basic EPS: | | | | | | | | | | | | Net income (loss) | $ | 33,122 | | $ | 33,138 | | $ | (9,001) | | | Effect of dilutive securities: | | | | | | | | | | | | Interest expense and deferred financing | | | | | | | | | | | | | fees on convertible notes, net of tax | | - | | | 241 | | | - | | | Numerator for diluted EPS | $ | 33,122 | | $ | 33,379 | | $ | (9,001) | | | Denominator for basic EPS: | | | | | | | | | | | | Weighted average shares outstanding | | 23,258 | | | 23,070 | | | 22,926 | | | Effect of dilutive securities: | | | | | | | | | | | | Convertible notes | | - | | | 347 | | | - | | | | Stock options, restricted stock and restricted stock units | | 378 | | | 385 | | | - | | | Denominator for diluted EPS | | 23,636 | | | 23,802 | | | 22,926 | | | Basic EPS | $ | 1.42 | | $ | 1.44 | | $ | (0.39) | | | Diluted EPS | $ | 1.40 | | $ | 1.40 | | $ | (0.39) |
| | The diluted weighted average share calculations do not include the following securities, which are not dilutive to the EPS calculations or the performance criteria have not been met: | | | | | | | | | | | | | | | | Year Ended | | | | | | December 30, | | December 31, | | January 1, | | | | | | 2011 | | 2010 | | 2010 | | | Time-vested stock options, restricted stock and | | | | | | | | | restricted stock units | 909,000 | | 1,061,000 | | 1,523,000 | | | Performance-vested stock options and restricted | | | | | | | | | stock units | 649,000 | | 609,000 | | 1,026,000 | | | Convertible notes | 0 | | 0 | | 756,000 |
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