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INCOME (LOSS) PER SHARE | 12 Months Ended
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Dec. 30, 2012
INCOME (LOSS) PER SHARE | INCOME (LOSS) PER SHARE The Company computes basic earnings (loss) per share (“EPS”) attributable to Interface, Inc. common shareholders by dividing income (loss) from continuing operations attributable to Interface, Inc. common shareholders, income (loss) from discontinued operations attributable to Interface, Inc. common shareholders and net income (loss) attributable to Interface, Inc. common shareholders, by the weighted average common shares outstanding, including participating securities outstanding, during the period as depicted below. Diluted EPS reflects the potential dilution beyond shares for basic EPS that could occur if securities or other contracts to issue common stock were exercised, converted into common stock or resulted in the issuance of common stock that would have shared in the Company’s earnings. Income attributable to non-controlling interest is included in the computation of basic and diluted earnings per share, where applicable. The Company includes all unvested stock awards which contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, in the number of common shares outstanding in our basic and diluted EPS calculations when the inclusion of these shares would be dilutive. As a result, the Company includes all outstanding restricted stock awards in the calculation of basic and diluted EPS. Distributed earnings include common stock dividends and dividends earned on unvested share-based payment awards. Undistributed earnings represent earnings that were available for distribution but were not distributed. Unvested share-based awards of restricted stock are paid dividends equally with all other shares of common stock. The following tables show distributed and undistributed earnings:
|  | Fiscal Year |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Earnings per share from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share attributable to Interface, Inc. common shareholders |  |  |  |  |  |  |  |  |  |  |  |
Distributed earnings |  | $ | 0.09 |  |  | $ | 0.08 |  |  | $ | 0.04 |
Undistributed earnings |  |  | 0.26 |  |  |  | 0.51 |  |  |  | 0.10 |
|  | $ | 0.35 |  |  | $ | 0.59 |  |  | $ | 0.14 |
Diluted earnings per share attributable to Interface, Inc. common shareholders |  |  |  |  |  |  |  |  |  |  |  |
Distributed earnings |  | $ | 0.09 |  |  | $ | 0.08 |  |  | $ | 0.04 |
Undistributed earnings |  |  | 0.26 |  |  |  | 0.50 |  |  |  | 0.10 |
|  | $ | 0.35 |  |  | $ | 0.58 |  |  | $ | 0.14 |
Earnings (Loss) per share from discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings (loss) per share attributable to Interface, Inc. common shareholders |  |  |  |  |  |  |  |  |  |  |  |
Distributed earnings |  | $ | 0.00 |  |  | $ | 0.00 |  |  | $ | 0.00 |
Undistributed earnings |  |  | (0.26 | ) |  |  | 0.01 |  |  |  | (0.01 | )
Diluted earnings (loss) per share attributable to Interface, Inc. common shareholders |  |  |  |  |  |  |  |  |  |  |  |
Distributed earnings |  | $ | 0.00 |  |  | $ | 0.00 |  |  | $ | 0.00 |
Undistributed earnings |  |  | (0.26 | ) |  |  | 0.01 |  |  |  | (0.01 | )
Basic earnings per share attributable to Interface, Inc. common shareholders |  | $ | 0.09 |  |  | $ | 0.59 |  |  | $ | 0.13 |
Diluted earnings per share attributable to Interface, Inc. common shareholders |  | $ | 0.09 |  |  | $ | 0.59 |  |  | $ | 0.13 |
The following table presents income from continuing operations and net income (loss) attributable to Interface, Inc. that was attributable to participating securities:
|  | Fiscal Year |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (in millions) |
Income from Continuing Operations |  | $ | 0.7 |  |  | $ | 1.0 |  |  | $ | 0.3 |
Net Income Attributable to Interface, Inc. |  |  | 0.2 |  |  |  | 1.0 |  |  |  | 0.2 |
The weighted average shares for basic and diluted EPS were as follows:
|  | Fiscal Year |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (in thousands) |
Weighted Average Shares Outstanding |  |  | 63,793 |  |  |  | 63,542 |  |  |  | 62,054 |
Participating Securities |  |  | 1,974 |  |  |  | 1,749 |  |  |  | 1,740 |
Shares for Basic Earnings Per Share |  |  | 65,767 |  |  |  | 65,291 |  |  |  | 63,794 |
Dilutive Effect of Stock Options |  |  | 133 |  |  |  | 195 |  |  |  | 468 |
Shares for Diluted Earnings Per Share |  |  | 65,900 |  |  |  | 65,486 |  |  |  | 64,262 |
In 2012, 2011 and 2010, certain outstanding stock options were not included in the determination of diluted EPS as their impact would be anti-dilutive. The following table shows the shares excluded from the diluted EPS calculation for all periods presented.
|  | Fiscal Year |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (in thousands) |
Options excluded |  |  | 191 |  |  |  | 249 |  |  |  | 357 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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