Net Income (Loss) Per Share
 6 Months Ended
Jun. 26, 2011
Net Income (Loss) Per Share  
Net Income (Loss) Per Share

4. Net Income (Loss) Per Share

The following table presents the calculation of basic and diluted net income (loss) per share:

 

    

 

      Three Months Ended
June 27, 2010		     

 

      Six Months Ended
June 27, 2010		  
     Successor      Successor               Predecessor      Successor      Successor               Predecessor  
     Three Months
Ended
June 26, 2011		      Period from
May 11, 2010
to
June 27, 2010		               Period from
March 29, 2010
to
May 10, 2010		      Six Months
ended
June 26, 2011		      Period from
May 11, 2010
to
June 27, 2010		               Period from
December 28, 2009
to
May 10, 2010		  
     (in thousands except for per-share amounts)  

Net income (loss)

    $ 25,288       $ (18,214 )          $ 359,972       $ 11,140       $ (18,214 )          $ 363,624   
  

 

 

     

 

 

          

 

 

     

 

 

     

 

 

          

 

 

  

Weighted average shares outstanding—basic

      62,106         59,271              162,513         62,123         59,271              162,439   

Effect of dilutive options and restricted stock units

      1,511         —                5         1,901         —                171   
  

 

 

     

 

 

          

 

 

     

 

 

     

 

 

          

 

 

  

Weighted-average shares—diluted

      63,617         59,271              162,518         64,024         59,271              162,610   
  

 

 

     

 

 

          

 

 

     

 

 

     

 

 

          

 

 

  

Net income (loss) per share—basic

    $ 0.41       $ (0.31 )          $ 2.22       $ 0.18       $ (0.31 )          $ 2.24   
  

 

 

     

 

 

          

 

 

     

 

 

     

 

 

          

 

 

  

Net income (loss) per share—diluted

    $ 0.40       $ (0.31 )          $ 2.21       $ 0.17       $ (0.31 )          $ 2.24   
  

 

 

     

 

 

          

 

 

     

 

 

     

 

 

          

 

 

  

Employee stock options and unvested RSUs granted by the Company are treated as potential common shares outstanding in computing diluted earnings per share. Diluted shares outstanding include the dilutive effect of in-the-money options and unvested RSUs which are calculated based on the average share price for each fiscal period using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options, 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 additional paid-in capital when the award becomes deductible are assumed to be used to repurchase shares.