Earnings Per Share

9 Months Ended

Sep. 03, 2013

Earnings Per Share [Abstract]

Earnings Per Share

3. 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. Diluted EPS for the 12 and 36 weeks ended September 3, 2013 excludes options to purchase 396,047 and 233,829 shares of common stock, respectively, which were outstanding during the periods, but were antidilutive. Diluted EPS for the 12 and 36 weeks ended September 4, 2012, excludes stock options of 745,000 shares, which were outstanding during the period but were anti-dilutive.

(dollars in thousands, except per share data)

	12 Weeks Ended				36 Weeks Ended
	September 3,		September 4,		September 3,		September 4,
	2013		2012		2013		2012
Income (loss) from continuing operations	$	(380)	$	(1,794)	$	7,620	$	6,732
Discontinued operations, net of income tax benefit		—		(628)		—		(543)
Net income (loss)	$	(380)	$	(2,422)	$	7,620	$	6,189
Shares:
Weighted average number of common shares outstanding		23,801,335		20,825,619		23,796,890		18,938,318
Dilutive shares		136,153		—		52,056		—
Total Diluted Shares		23,937,488		20,825,619		23,848,946		18,938,318
Basic income (loss) per common share:
Continuing operations	$	(0.02)	$	(0.09)	$	0.32	$	0.36
Discontinued operations		0.00		(0.03)		0.00		(0.03)
Basic income (loss) per share	$	(0.02)	$	(0.12)	$	0.32	$	0.33
Diluted income (loss) per common share:
Continuing operations	$	(0.02)	$	(0.09)	$	0.32	$	0.36
Discontinued operations		0.00		(0.03)		0.00		(0.03)
Diluted income (loss) per share	$	(0.02)	$	(0.12)	$	0.32	$	0.33