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23. Earnings per Share

9 Months Ended

Sep. 29, 2018

Note 23: Earnings per share

Basic income per common share is computed based on the weighted average number of shares of common stock outstanding. Diluted income per common share is computed based on the weighted average number of shares of common stock outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive shares of common stock been issued. Potentially dilutive shares of common stock include unexercised stock options and warrants. Basic per share amounts are computed, generally, by dividing net income attributable to shareholders of the parent by the weighted average number of shares of common stock outstanding. Diluted per share amounts assume the conversion, exercise or issuance of all potential common stock instruments unless their effect is anti-dilutive, thereby reducing the loss or increasing the income per common share. In calculating diluted weighted average shares and per share amounts, we included stock options and warrants with exercise prices below average market prices, for the respective reporting periods in which they were dilutive, using the treasury stock method. We calculated the number of additional shares by assuming the outstanding stock options were exercised and that the proceeds from such exercises were used to acquire shares of common stock at the average market price during the quarter. For the 13 weeks and 26 weeks ended September 29, 2018 and September 30, 2017, we excluded options and warrants to purchase 528 and 651 shares, respectively, of common stock from the diluted weighted average shares outstanding calculation as the effect of these options were anti-dilutive.

	For the Thirteen Weeks Ended					For the Thirty Nine Weeks Ended
	September 29, 2018			September 30, 2017		September 29, 2018			September 30, 2017
Basic

Net income (loss) from continuing operations	$	(1,260	)	$	682	$	(4,111	)	$	4,132
Net income from discontinued operations, net of tax		–			119		–			904
Net income (loss)	$	(1,260	)	$	801	$	(4,111	)	$	5,036

Basic earnings (loss) per share:
Basic earnings (loss) per share from continued operations	$	(0.16	)	$	0.10	$	(0.58	)	$	0.62
Basic earnings per share - discontinued operations, net of tax		–			0.02		–			0.14
Basic earnings (loss) per share	$	(0.16	)	$	0.12	$	(0.58	)	$	0.76

Weighted average common shares outstanding		7,675			6,655		7,142			6,655

Diluted

Diluted earnings (loss) per share:
Diluted earnings (loss) per share from continued operations	$	(0.16	)	$	0.10	$	(0.58	)	$	0.62
Diluted earnings per share - discontinued operations, net of tax		–			0.01		–			0.13
Diluted earnings (loss) per share	$	(0.16	)	$	0.11	$	(0.58	)	$	0.75


Weighted average common shares outstanding		7,675			6,655		7,142			6,655
Add: Common Stock Warrants		–			50		–			50
Assumed diluted weighted average common shares outstanding		7,675			6,705		7,142			6,705