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)
 3 Months Ended
Mar. 28, 2015
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Loss Per Share
Basic net income (loss) per share is computed based on the weighted average number of shares outstanding, and for the first quarter of 2014 also based on shares issuable upon exercise of warrants issued by the Company to WCH in connection with the GF transaction in 2009.
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 and restricted stock units.
The following table sets forth the components of basic and diluted loss per share:
 
Three Months Ended
 
March 28,
2015
 
March 29,
2014
 
(In millions, except per share amounts)
Numerator – Net loss:
 
 
 
Numerator for basic and diluted net loss per share
$
(180
)
 
$
(20
)
Denominator – Weighted average shares
 
 
 
Denominator for basic and diluted net loss per share
777

 
761

Net loss per share:
 
 
 
Basic
$
(0.23
)
 
$
(0.03
)
Diluted
$
(0.23
)
 
$
(0.03
)

Potential shares from stock options and restricted stock units totaling 64 million and 45 million were not included in the net loss per share calculations for the first quarters of 2015 and 2014, respectively, because their inclusion would have been anti-dilutive.