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Earnings (Loss) Per Share
 3 Months Ended
Mar. 23, 2012
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

Basic earnings (loss) per share is calculated by dividing net income (loss) available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings (loss) per share is calculated by dividing net income (loss) available to common stockholders that has been adjusted for dilutive securities, by the weighted-average number of common shares outstanding including dilutive securities.

The following is a reconciliation of the calculation of basic and diluted earnings (loss) per share (in thousands, except share and per share data):
 
Fiscal Quarter Ended
Numerator:
March 23, 2012
 
March 25, 2011
Loss from continuing operations
$
(9,967
)
 
$
(10,863
)
Income (loss) from discontinued operations
12,582

 
(181
)
Net income (loss)
$
2,615

 
$
(11,044
)
Denominator:
 
 
 
Weighted-average number of common shares outstanding—basic
167,666,741

 
163,997,743

Effect of dilutive securities:
 
 
 
Unvested restricted common stock
248,058

 
—

Shares related to unvested MSUs
257,750

 
—

Weighted-average number of common shares outstanding—diluted
168,172,549

 
163,997,743

Basic (loss) earnings per share:


 
 
Continuing operations
$
(0.06
)
 
$
(0.07
)
Discontinued operations
0.08

 
(0.00
)
Total
$
0.02

 
$
(0.07
)
Diluted (loss) earnings per share:
 
 
 
Continuing operations
$
(0.06
)
 
$
(0.07
)
Discontinued operations
0.08

 
(0.00
)
Total
$
0.02

 
$
(0.07
)


We did not include the following shares in our calculation of diluted loss per share for the fiscal quarters ended March 23, 2012 and March 25, 2011 as they would be anti-dilutive:
 
Fiscal Quarter Ended
 
 
 
 
 
March 23, 2012
 
March 25, 2011
Unvested restricted common stock
—

 
825,151

Unexercised stock appreciation rights
262,461

 
262,461

Shares related to unvested MSUs
—

 
182,743

Total
262,461

 
1,270,355