Net Loss Per Share
9 Months Ended
Sep. 24, 2011
Net Loss Per Share 
Net Loss Per Share

10. Net Loss per Share

Basic net loss per common share is calculated by dividing net loss by the weighted average number of common shares outstanding during the reporting period. Diluted net loss per common share is calculated by giving effect to all potential dilutive common shares, including options, warrants, common stock subject to repurchase and convertible preferred stock. For the three months and nine months ended September 24, 2011, unvested restricted stock awards granted during the quarter are included in the calculation of basic weighted average shares because such shares are participating securities.

The following table sets forth the computation of basic and diluted net loss per share for the periods indicated (in thousands, except per share data):

 

     Three Months Ended     Nine Months Ended  
     September 24,
2011
    September 25,
2010
    September 24,
2011
    September 25,
2010
 

Numerator:

        

Net loss applicable to common stockholders

   $ (6,934   $ (5,351   $ (47,336   $ (18,715
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

        

Weighted-average common shares outstanding

     47,128        37,341        44,866        26,751   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic and diluted net loss per share

   $ (0.15   $ (0.14   $ (1.06   $ (0.70
  

 

 

   

 

 

   

 

 

   

 

 

 

 

As the Company incurred net losses in the periods presented, the following table displays the Company's other outstanding common stock equivalents that were excluded from the computation of diluted net loss per share, as the effect of including them would have been anti-dilutive (in thousands):

 

     Nine Months Ended  
     September 24,
2011
     September 25,
2010
 

Stock options

     1,647         775   

Restricted stock units

     2,074         5,395   

Common stock warrants

     24         65