Earnings Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

(14) Earnings Per Share

Basic earnings per share (“EPS”) data is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS data is computed based on the weighted average number of shares of common stock outstanding, including all potentially issuable shares of common stock. During fiscal 2011, there were no outstanding stock options or other dilutive securities and therefore they were not included in the dilutive calculation. Diluted earnings per share for fiscal 2012 excludes stock options of 825,000, which were outstanding during the period but were anti-dilutive. Diluted earnings per share for fiscal 2013 excludes options to purchase 423,579 shares of common stock, which were outstanding during the period, but were anti-dilutive.

(dollars in thousands, except per share data)

	Year Ended
	December 27,		December 25,		December 31,
	2011		2012		2013
Income from continuing operations	$	9,647	$	14,573	$	12,212
Discontinued operations, net of income tax benefit		(674)		(819)		—
Net income	$	8,973	$	13,754	$	12,212
Shares:
Weighted average number of common shares outstanding (1)		17,994,667		20,432,579		23,779,782
Dilutive shares		—		—		72,418
Total Diluted Shares		17,994,667		20,432,579		23,852,200
Basic income (loss) per common share:
Continuing operations	$	0.54	$	0.71	$	0.51
Discontinued operations		(0.04)		(0.04)		—
Basic income per share	$	0.50	$	0.67	$	0.51
Diluted income (loss) per common share:
Continuing operations	$	0.54	$	0.71	$	0.51
Discontinued operations		(0.04)		(0.04)		—
Diluted income per share	$	0.50	$	0.67	$	0.51

(1) The weighted average number of shares of common stock outstanding reflects the effect of the Conversion. (See Note 1).