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Basic and Diluted Income Per Share
6 Months Ended
Jun. 29, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 9 — Basic and Diluted Income Per Share

 

The following table sets forth the computation of basic and diluted net income per share (in thousands except per share amounts):

 

    Three Months Ended     Six Months Ended  
    June 29,
2012
    July 1,
2011
    June 29,
2012
    July 1,
2011
 
Numerator:                                
Net (loss) income   $ (491 )   $ 861     $ (259 )   $ 1,161  
                                 
Denominator:                                
Weighted average common shares and denominator for basic calculation:                                
Weighted average common shares outstanding     36,452       35,599       36,341       35,449  
Less: Unvested restricted stock     (195 )     (156 )     (177 )     (133 )
Denominator for basic calculation     36,257       35,443       36,164       35,316  
Weighted average effects of dilutive equity-based compensation awards:                                
Employee stock options           644             688  
Warrants           352             385  
Denominator for diluted calculation     36,257       36,439       36,164       36,389  
                                 
Net (loss) income per share – basic   $ (0.01 )   $ 0.02     $ (0.01 )   $ 0.03  
Net (loss) income per share - diluted   $ (0.01 )   $ 0.02     $ (0.01 )   $ 0.03  

 

The following table sets forth (in thousands) the weighted average number of options and warrants to purchase shares of common stock, restricted stock and preferred stock, which were not included in the calculation of diluted per share amounts because the effects would be anti-dilutive.

 

    Three Months Ended     Six Months Ended  
    June 29,
2012
    July 1,
2011
    June 29,
2012
    July
1,
2011
 
Options and restricted stock     2,226       1,831       1,969       1,382  
Warrants     842       70       876       70  
 Total     3,068       1,901       2,845       1,452