Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share (Notes)

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Net Income (Loss) Per Share (Notes)
 6 Months Ended
Jun. 28, 2014
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share
Basic net income (loss) per share is computed based on the weighted average number of shares outstanding and shares issuable upon exercise of a warrant issued by the Company to WCH in connection with the GF transaction in 2009. On March 7, 2014, the Company issued 34,906,166 shares of common stock pursuant to the cashless exercise in full by WCH of its warrant to purchase up to 35,000,000 shares of the Company's common stock at an exercise price of $0.01 per share. As a result, the warrant is no longer outstanding. The issuance of the common stock did not have any effect on basic and dilutive earnings per share amounts because the full 35,000,000 shares of common stock issuable to WCH had already been included in the denominator for calculating basic and dilutive earnings per share for all periods presented prior to the exercise of the warrant.
Diluted net income (loss) per share is computed based on the weighted average number of shares outstanding plus any potentially dilutive shares outstanding. Potentially dilutive shares include stock options, restricted stock and restricted stock units.
The following table sets forth the components of basic and diluted income (loss) per share:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 28,
2014
 
June 29,
2013
 
June 28,
2014
 
June 29,
2013
 
 
(In millions, except per share amounts)
Numerator – Net loss:
 
 
 
 
 
 
 
 
Numerator for basic and diluted net loss per share
 
$
(36
)
 
$
(74
)
 
$
(56
)
 
$
(220
)
Denominator – Weighted average shares
 
 
 
 
 
 
 
 
Denominator for basic and diluted net loss per share
 
764

 
752

 
762

 
751

Net loss per share:
 
 
 
 
 
 
 
 
Basic
 
$
(0.05
)
 
$
(0.10
)
 
$
(0.07
)
 
$
(0.29
)
Diluted
 
$
(0.05
)
 
$
(0.10
)
 
$
(0.07
)
 
$
(0.29
)

Potential shares from employee stock options, restricted stock and restricted stock units totaling 39 million were not included in the net loss per share calculation for the second quarter of 2014 because their inclusion would have been anti-dilutive.
Potential shares from employee stock options, restricted stock and restricted stock units totaling 45 million were not included in the net loss per share calculation for the six months ended June 28, 2014 because their inclusion would have been anti-dilutive.
Potential shares from employee stock options, restricted stock and restricted stock units totaling 52 million were not included in the net loss per share calculation for the second quarter of 2013 because their inclusion would have been anti-dilutive.
Potential shares from employee stock options, restricted stock and restricted stock units totaling 54 million were not included in the net loss per share calculation for the six months ended June 29, 2013 because their inclusion would have been anti-dilutive.