Basic net income (loss) per share represents net income (loss) divided by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share represents net income divided by the weighted average number of shares of common stock and common stock equivalents, if applicable, outstanding during the period. Common stock equivalents arise from stock options and unvested shares of restricted stock, using the treasury stock method. Under the treasury stock method, the amount the Company would receive upon exercise of stock options and the vesting of restricted stock, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax benefits that would be recorded in common stock when the stock options or restricted stock becomes deductible are assumed to be used to repurchase shares at the average share price over the applicable fiscal period. A reconciliation of basic to diluted weighted average shares of common stock outstanding is as follows (in thousands):

	Quarter Ended				Fiscal Year to Date Period Ended

	September 29, 2012		October 1, 2011		September 29, 2012		October 1, 2011
Basic weighted average shares outstanding		10,084		10,557		10,214		10,607
Common stock equivalents:
Stock options and restricted shares		—		144		150		166

Diluted weighted average shares outstanding		10,084		10,701		10,364		10,773

For the quarter ended September 29, 2012, certain share-based awards, which amounted to 1,261,319 shares, were excluded from the calculation of common stock equivalents for purposes of computing diluted weighted average shares outstanding because they were anti-dilutive. These share-based awards were anti-dilutive because their exercise price exceeded the average market price for this period. Additionally, approximately 130,000 common stock equivalents were excluded from diluted weighted average shares outstanding for the third quarter of fiscal 2012 because they were antidilutive as the Company had a net loss for that quarter.

For the fiscal year to date period ended September 29, 2012, certain share-based awards, which amounted to 1,232,108 shares, were excluded from the calculation of common stock equivalents for purposes of computing diluted weighted average shares outstanding because they were anti-dilutive. These share-based awards were anti-dilutive because their exercise price exceeded the average market price for this period.

For the quarter and fiscal year to date period ended October 1, 2011, certain share-based awards, which amounted to 971,922 and 991,162 shares, respectively, were excluded from the calculation of common stock equivalents for purposes of computing diluted weighted average shares outstanding because they were anti-dilutive. These share-based awards were anti-dilutive because their exercise price exceeded the average market price for the respective period.

On August 30, 2011, the Company announced that its Board of Directors approved a share repurchase program of up to $7.5 million of the Company's common stock. On February 22, 2012 and August 10, 2012, the Board of Directors authorized the repurchase of up to an additional $4.45 million and $5.0 million, respectively, of the Company's common stock under this program. During the third quarter of fiscal 2012, the Company repurchased 213,524 shares under this program at an average price per share of $16.15. During the fiscal year to date period ended September 29, 2012, the Company repurchased 466,109 shares under this program at an average price per share of $19.47. As of September 29, 2012, $3.6 million was available for future repurchases under this program.