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NET (LOSS) INCOME PER SHARE
 6 Months Ended
Jun. 30, 2012
NET (LOSS) INCOME PER SHARE

5. NET (LOSS) INCOME PER SHARE

Basic net (loss) income per share is computed using the weighted average number of shares of common stock outstanding during the period less any non-vested restricted shares. Diluted earnings per common share is calculated using weighted average shares outstanding and contingently issuable shares, less weighted average shares reacquired during the period. The net outstanding shares are adjusted for the dilutive effect of shares issuable upon the assumed conversion of the Company’s common stock equivalents, which consist of outstanding stock options and unvested restricted stock units.

Weighted average common shares outstanding used to calculate earnings per share are as follows:

 

     Three Months Ended      Six Months Ended  
     June 30,
2012		      June 25,
2011		      June 30,
2012		      June 25,
2011		  

Weighted average common shares outstanding-basic

      63,078,510         64,528,623         63,651,983         64,632,732   

Stock options and non-vested restricted common stock

      —           1,246,344         —           1,082,289   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average common shares outstanding-diluted

      63,078,510         65,774,967         63,651,983         65,715,021   
  

 

 

     

 

 

     

 

 

     

 

 

  

The following were not included in weighted average common shares outstanding-diluted because they are anti-dilutive or performance conditions have not been met at the end of the period.

 

     June 30,
2012		      June 25,
2011		  

Non-vested restricted common stock

      2,888,463         554,012   

Stock options

      1,838,615         935,441   
  

 

 

     

 

 

  

Total

      4,727,078         1,489,453