Earnings Per Share

12 Months Ended

Dec. 25, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 11. EARNINGS PER SHARE

For fiscal years 2011, 2010, and 2009, basic earnings per share are based on net earnings divided by the weighted average number of shares outstanding during the period. 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)	December 25, 2011	December 26, 2010	December 27, 2009
		(As Revised)	(As Revised)
Basic (loss) earnings from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders	$ (59,055)	$ 28,503	$ 25,023
Diluted (loss) earnings from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders	$ (59,055)	$ 28,503	$ 25,023
Shares:
Weighted average number of common shares outstanding	40,070	39,483	38,909
Shares issuable under deferred compensation agreements	462	452	396
Basic weighted average number of common shares outstanding	40,532	39,935	39,305
Common shares assumed upon exercise of stock options and awards	—	505	234
Shares issuable under deferred compensation arrangements	—	5	13
Dilutive weighted average number of common shares outstanding	40,532	40,445	39,552
Basic (loss) earnings attributable to Checkpoint Systems, Inc. per share
(Loss) earnings from continuing operations	$     (1.46)	$       .71	$       .63
Loss from discontinued operations, net of tax	(.18)	(.02)	(.02)
Basic (loss) earnings attributable to Checkpoint Systems, Inc. per share	$     (1.64)	$       .69	$       .61
Diluted (loss) earnings attributable to Checkpoint Systems, Inc. per share
(Loss) earnings from continuing operations	$     (1.46)	$       .71	$       .63
Loss from discontinued operations, net of tax	(.18)	(.02)	(.02)
Diluted (loss) earnings attributable to Checkpoint Systems, Inc. per share	$     (1.64)	$       .69	$       .61

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 years ended December 25, 2011, December 26, 2010, and December 27, 2009 were as follows:

(amounts in thousands)	December 25, 2011	December 26, 2010	December 27, 2009
Weighted average common share equivalents associated with anti-dilutive stock options and restricted stock units excluded from the computation of diluted EPS(1)	2,380	1,516	2,507

(1)   Adjustments for stock options and awards of 329 shares and deferred compensation arrangements of 11 shares were anti-dilutive in fiscal 2011 and therefore excluded from the earnings per share calculation due to our net loss for the year.