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Note 11 - Income (Loss) Per Share

12 Months Ended

Dec. 29, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

INCOME (LOSS) PER SHARE

The Company computes basic earnings (loss) per share (“EPS”) by dividing income (loss) from continuing operations, income (loss) from discontinued operations and net income (loss), 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. Unvested share-based awards of restricted stock are paid dividends equally with all other shares of common stock. 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. The following tables show distributed and undistributed earnings:

		Fiscal Year
		2013				2012				2011
Earnings per share from continuing operations:
Basic earnings per share
Distributed earnings		$	0.11			$	0.09			$	0.08
Undistributed earnings			0.62				0.26				0.51
		$	0.73			$	0.35			$	0.59

Diluted earnings per share
Distributed earnings		$	0.11			$	0.09			$	0.08
Undistributed earnings			0.62				0.26				0.50
		$	0.73			$	0.35			$	0.58


Earnings (Loss) per share from discontinued operations:

Basic earnings (loss) per share
Distributed earnings		$	0.00			$	0.00			$	0.00
Undistributed earnings			0.00				(0.26	)			0.01

Diluted earnings (loss) per share
Distributed earnings		$	0.00			$	0.00			$	0.00
Undistributed earnings			0.00				(0.26	)			0.01


Basic earnings per share		$	0.73			$	0.09			$	0.59
Diluted earnings per share		$	0.73			$	0.09			$	0.59

The following table presents income from continuing operations and net income that was attributable to participating securities:

		Fiscal Year

		2013				2012				2011
		(in millions)
Income from continuing operations		$	1.2			$	0.7			$	1.0
Net income			1.2				0.2				1.0

The weighted average shares for basic and diluted EPS were as follows:

		Fiscal Year

		2013				2012				2011
		(in thousands)
Weighted Average Shares Outstanding			64,486				63,793				63,542
Participating Securities			1,708				1,974				1,749
Shares for Basic Earnings Per Share			66,194				65,767				65,291
Dilutive Effect of Stock Options			103				133				195
Shares for Diluted Earnings Per Share			66,297				65,900				65,486

In 2012 and 2011, 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 those years.

		Fiscal Year

		2012				2011
		(in thousands)
Options excluded			191				249

The entire disclosure for earnings per share.

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