Earnings Per Share

3 Months Ended

Mar. 25, 2012

Earnings Per Share [Abstract]

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 ended	March 25, 2012	March 27, 2011
		(As Revised)
Basic loss from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders	$ (10,671)	$  (8,222)
Diluted loss from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders	$ (10,671)	$  (8,222)
Shares:
Weighted-average number of common shares outstanding	40,285	39,896
Shares issuable under deferred compensation agreements	527	435
Basic weighted-average number of common shares outstanding	40,812	40,331
Common shares assumed upon exercise of stock options and awards	—	—
Shares issuable under deferred compensation arrangements	—	—
Dilutive weighted-average number of common shares outstanding	40,812	40,331
Basic loss attributable to Checkpoint Systems, Inc. per share
Loss from continuing operations	$       (.26)	$     (.21)
Loss from discontinued operations, net of tax	(.01)	(.01)
Basic loss attributable to Checkpoint Systems, Inc. per share	$       (.27)	$     (.22)
Diluted loss attributable to Checkpoint Systems, Inc. per share
Loss from continuing operations	$       (.26)	$     (.21)
Loss from discontinued operations, net of tax	(.01)	(.01)
Diluted loss attributable to Checkpoint Systems, Inc. per share	$       (.27)	$     (.22)

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 month periods ended March 25, 2012 and March 27, 2011 were as follows:

(amounts in thousands)

Quarter ended	March 25, 2012	March 27, 2011
Weighted-average common share equivalents associated with anti-dilutive stock options and restricted stock units excluded from the computation of diluted EPS(1)	2,710(1)	1,936(2)

(1)   Adjustments for stock options and awards of 117 shares and deferred compensation arrangements of 5 shares were anti-dilutive in the first three months of 2012 and therefore excluded from the earnings per share calculation due to our net loss for the quarter.

(2)   Adjustments for stock options and awards of 564 shares and deferred compensation arrangements of 3 shares were anti-dilutive in the first three months of 2011 and therefore excluded from the earnings per share calculation due to our net loss for the quarter.