XML 17 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Income (Loss) per Share
 12 Months Ended
Dec. 30, 2011
Earnings Per Share [Abstract]  
Net Income (Loss) per Share

Note 3 – Net Income (Loss) per Share

The following table sets forth the computation of basic and diluted earnings (loss) per unit/share:

 

                         
    Fiscal Year Ended  
    December 30,
2011		     December 24,
2010		     December 25,
2009		  

Net income

   $ 7,698     $ 15,874     $ 8,961  

Deemed dividend accretion on Class A members’ units

     —         (4,123 )      (6,207 ) 

Deemed dividend paid to Class A members’ units

     —         (22,429 )      —    
   

 

 

    

 

 

    

 

 

  

Net (loss) income attributable to common shares/members’ units

   $ 7,698     $ (10,678 )    $ 2,754  
   

 

 

    

 

 

    

 

 

  

Net (loss) income per share/unit attributable to common stockholders/members :

                        

Basic

   $ 0.44     $ (0.50 )    $ 0.12  

Diluted

   $ 0.43     $ (0.50 )    $ 0.11  

Weighted average common shares/units outstanding (1):

                        

Basic

     17,591,376       21,331,646       22,900,709  

Diluted

     18,031,651       21,331,646       24,084,979  

 

(1) Adjusted to reflect effect of reorganization transaction completed on July 27, 2011 in which Chefs’ Warehouse Holdings, LLC was converted into The Chefs’ Warehouse, Inc. (See Note 1).

Reconciliation of earnings (loss) per common share/unit:

 

                         
    Fiscal Year Ended  
    December 30,
2011		     December 24,
2010		     December 25,
2009		  

Numerator:

                        

Net (loss) income attributable to common stockholders

   $ 7,698     $ (10,678 )    $ 2,754  
   

 

 

    

 

 

    

 

 

  

Denominator:

                        

Weighted average basic common shares/units outstanding

     17,591,376       21,331,646       22,900,709  

Dilutive effect of unvested common shares/units

     440,275       —         1,184,270  
   

 

 

    

 

 

    

 

 

  

Weighted average diluted common shares/units outstanding

     18,031,651       21,331,646       24,084,979  
   

 

 

    

 

 

    

 

 

  

For fiscal 2010, a weighted average of 741,682 unvested shares/units was not included in fully diluted shares/units outstanding because they would have been anti-dilutive.