NET (LOSS) INCOME PER SHARE

6 Months Ended

Jun. 29, 2013

NET INCOME (LOSS) PER SHARE

Basic net income (loss) 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, if applicable, 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 29, 2013	June 30, 2012	June 29, 2013	June 30, 2012
Weighted average common shares outstanding-basic	62,492,352	63,078,510	62,160,046	63,651,983
Stock options and non-vested restricted common stock	—	—	1,282,420	—
Weighted average common shares outstanding-diluted	62,492,352	63,078,510	63,442,466	63,651,983

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 29, 2013	June 30, 2012
Non-vested restricted common stock	410,000	2,888,463
Stock options	848,334	1,838,615
Total	1,258,334	4,727,078

- Definition

The entire disclosure for earnings per share.

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