Earnings Per Share

6 Months Ended

Jun. 26, 2011

Earnings Per Share

Earnings Per Share

Note 7. EARNINGS PER SHARE

The following data shows the amounts used in computing earnings per share and the effect on net earnings from continuing operations and the weighted-average number of shares of dilutive potential common stock:

(amounts in thousands, except per share data)	Quarter (13 weeks) Ended		Six Months (26 weeks) Ended
	June 26, 2011	June 27, 2010	June 26, 2011	June 27, 2010
Basic earnings attributable to Checkpoint Systems, Inc. available to common stockholders	$   9,520	$   9,040	$      209	$  12,546
Diluted earnings attributable to Checkpoint Systems, Inc. available to common stockholders	$   9,520	$   9,040	$      209	$  12,546
Shares:
Weighted-average number of common shares outstanding	40,084	39,476	39,990	39,330
Shares issuable under deferred compensation agreements	458	469	447	436
Basic weighted-average number of common shares outstanding	40,542	39,945	40,437	39,766
Common shares assumed upon exercise of stock options and awards	360	552	461	526
Shares issuable under deferred compensation arrangements	12	13	5	9
Dilutive weighted-average number of common shares outstanding	40,914	40,510	40,903	40,301
Basic earnings attributable to Checkpoint Systems, Inc. per share	$       .23	$       .23	$       .01	$       .32
Diluted earnings attributable to Checkpoint Systems, Inc. per share	$       .23	$       .22	$       .01	$       .31

Anti-dilutive potential common shares are not included in our earnings per share calculation. The Long-term Incentive Plan restricted stock units were excluded from our calculation due to the performance of vesting criteria not being met.

The number of anti-dilutive common share equivalents for the three and six month periods ended June 26, 2011 and June 27, 2010 were as follows:

(amounts in thousands)	Quarter (13 weeks) Ended		Six Months (26 weeks) Ended
	June 26, 2011	June 27, 2010	June 26, 2011	June 27, 2010
Weighted-average common share equivalents associated with anti-dilutive stock options and restricted stock units excluded from the computation of diluted EPS	1,847	1,380	1,608	1,509