Note 5 - Income (Loss) Per Share

9 Months Ended

Oct. 01, 2011

Note 5 – Income (Loss) Per Share

Set forth in the table below is the reconciliation by quarter of the numerator (income (loss) from continuing operations) and the denominator (shares) for the computation of basic and diluted income (loss) from continuing operations per share:

(In thousands, except per share data)	Numerator Income (Loss)				Denominator Shares		Per Share Amount
Three months ended October 1, 2011:
Basic loss from continuing operations		$	(2,178	)		6,076	$	(0.36	)
Effect of dilutive securities:
Preferred rights			—			—		—
Restricted stock			—			—		—
Stock options			—			—		—
Diluted loss from continuing operations		$	(2,178	)		6,076	$	(0.36	)
Three months ended October 2, 2010:
Basic income from continuing operations		$	3,393			5,556	$	0.61
Effect of dilutive securities:
Preferred rights			—			—		—
Restricted stock			—			—		—
Diluted income from continuing operations		$	3,393			5,556	$	0.61

(In thousands, except per share data)	Numerator Income (Loss)			Denominator Shares		Per Share Amount
Nine months ended October 1, 2011:
Basic loss from continuing operations	$	(13,148	)		5,756	$	(2.28	)
Effect of dilutive securities:
Preferred rights		—			—		—
Restricted stock		—			—		—
Stock options		—			—		—
Diluted loss from continuing operations	$	(13,148	)		5,756	$	(2.28	)
Nine months ended October 2, 2010:
Basic loss from continuing operations	$	(8,838	)		5,554	$	(1.59	)
Effect of dilutive securities:
Preferred rights		—			—		—
Restricted stock		—			—		—
Diluted loss from continuing operations	$	(8,838	)		5,554	$	(1.59	)

For the periods ended October 1, 2011 and October 2, 2010, potentially dilutive shares of 572,500 and 695,250, respectively, were excluded from the calculation of dilutive shares because their effect would have been anti-dilutive.