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Earnings Per Share
 12 Months Ended
Dec. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

For fiscal years 2012, 2011, and 2010, 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 30, 2012

 
December 25, 2011

 
December 26, 2010

Basic (loss) earnings from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders
$
(137,917
)
 
$
(65,404
)
 
$
19,405

Basic (loss) earnings from discontinued operations, net of tax expense (benefit) of $247, ($378), and $5,134
$
(7,959
)
 
$
(1,165
)
 
$
8,325

Diluted (loss) earnings from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders
$
(137,917
)
 
$
(65,404
)
 
$
19,405

Diluted (loss) earnings from discontinued operations, net of tax expense (benefit) of $247, ($378), and $5,134
$
(7,959
)
 
$
(1,165
)
 
$
8,325

Shares:
 
 
 
 
 
Weighted average number of common shares outstanding
40,476

 
40,070

 
39,483

Shares issuable under deferred compensation agreements
524

 
462

 
452

Basic weighted average number of common shares outstanding
41,000

 
40,532

 
39,935

Common shares assumed upon exercise of stock options and awards
—

 
—

 
505

Shares issuable under deferred compensation arrangements
—

 
—

 
5

Dilutive weighted average number of common shares outstanding
41,000

 
40,532

 
40,445

Basic (loss) earnings attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
(Loss) earnings from continuing operations
$
(3.36
)
 
$
(1.61
)
 
$
0.48

(Loss) earnings from discontinued operations, net of tax
(0.20
)
 
(0.03
)
 
0.21

Basic (loss) earnings attributable to Checkpoint Systems, Inc. per share
$
(3.56
)
 
$
(1.64
)
 
$
0.69

Diluted (loss) earnings attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
(Loss) earnings from continuing operations
$
(3.36
)
 
$
(1.61
)
 
$
0.48

(Loss) earnings from discontinued operations, net of tax
(0.20
)
 
(0.03
)
 
0.21

Diluted (loss) earnings attributable to Checkpoint Systems, Inc. per share
$
(3.56
)
 
$
(1.64
)
 
$
0.69



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 30, 2012, December 25, 2011, and December 26, 2010 were as follows: 
(amounts in thousands)
December 30, 2012

 
December 25, 2011

 
December 26, 2010

Weighted average common share equivalents associated with anti-dilutive stock options and restricted stock units excluded from the computation of diluted EPS(1)
3,107

 
2,380

 
1,516


 
(1) 
Adjustments for stock options and awards of 61 shares and 329 shares and deferred compensation arrangements of 12 shares and 11 shares were anti-dilutive in fiscal 2012 and 2011, respectively. These shares were therefore excluded from the earnings per share calculation due to our net loss for the years.