Earnings per Share (Tables)

9 Months Ended

Oct. 02, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings (Loss) per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share:

	Quarter Ended						Nine-Month Period Ended
(Dollars and shares in thousands, except per share amounts)	October 2			September 27			October 2			September 27
	2016			2015			2016			2015
Numerator:
Income (loss) from continuing operations, net of tax	$	1,056		$	(2,371	)	$	4,650		$	3,351
Loss from discontinued operations, net		(111	)		(106	)		(328	)		(317	)
Net income (loss)	$	945		$	(2,477	)	$	4,322		$	3,034
Denominator:
Weighted average shares (denominator for basic earnings (loss) per share)		14,700			15,000			14,862			15,000
Effect of dilutive securities		-			-			7			-
Adjusted weighted average shares and assumed conversions      (denominator for diluted earnings (loss) per share)		14,700			15,000			14,869			15,000
Basic earnings (loss) per share:
Income (loss) from continuing operations, net of tax	$	0.07		$	(0.16	)	$	0.31		$	0.22
Loss from discontinued operations, net		(0.01	)		(0.01	)		(0.02	)		(0.02	)
Basic earnings (loss) per share	$	0.06		$	(0.17	)	$	0.29		$	0.20
Diluted earnings (loss) per share:
Income (loss) from continuing operations, net of tax	$	0.07		$	(0.16	)	$	0.31		$	0.22
Loss from discontinued operations, net		(0.01	)		(0.01	)		(0.02	)		(0.02	)
Diluted earnings (loss) per share	$	0.06		$	(0.17	)	$	0.29		$	0.20