Net (Loss) Income Per Common Share

3 Months Ended

Mar. 28, 2014

Net (Loss) Income Per Common Share [Abstract]

2. Net (Loss) Income per Common Share

Basic net (loss) income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period. With regard to common stock subject to vesting requirements and restricted stock units issued to the Company’s employees and non-employee members of its Board of Directors, the calculation includes only the vested portion of such stock and units.

Dilutive net income per common share is computed by dividing net income by the weighted average number of common shares outstanding, increased by the assumed conversion of other potentially dilutive securities during the period. During the quarter ended March 28, 2014, the Company recorded a net loss. As a result of the net loss, the Company has excluded a total of 749,197 other potentially dilutive securities from its dilutive weighted average common shares outstanding for the quarter ended March 28, 2014.

The following table reconciles basic and dilutive weighted average common shares:



	Quarter Ended
	March 28,	March 29,
	2014	2013

Basic weighted average common shares outstanding	29,119,505	30,291,773

Effect of dilutive securities:
Unvested restricted stock units and common stock subject to
vesting requirements issued to employees and non-employees	—	1,162,166
Common stock issuable upon the exercise of stock options	—	19,032
Dilutive weighted average common shares outstanding	29,119,505	31,472,971

Approximately 0.4 million and 0.9 million shares of common stock equivalents were excluded from the computations of diluted net income per common share for the quarters ended March 28, 2014 and March 29, 2013, respectively, as their inclusion would have had an anti-dilutive effect on diluted net income per common share.

- Definition

The entire disclosure for earnings per share.

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