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Earnings Per Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

The following data shows the amounts used in computing earnings per share and the effect on net earnings from continuing operations attributable to Checkpoint Systems, Inc. and the weighted-average number of shares of dilutive potential common stock:
 
Quarter
 
Six Months
 
(13 weeks) Ended
 
(26 weeks) Ended
(amounts in thousands, except per share data)
June 30,
2013

 
June 24,
2012

 
June 30,
2013

 
June 24,
2012

Basic earnings (loss) from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders
$
1,255

 
$
(91,804
)
 
$
(2,473
)
 
$
(102,427
)
Basic loss from discontinued operations, net of tax (benefit) expense of $(66), $77, $68 and $(3)
(14,329
)
 
(2,357
)
 
(16,885
)
 
(2,725
)
Diluted earnings (loss) from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders
1,255

 
(91,804
)
 
(2,473
)
 
(102,427
)
Diluted loss from discontinued operations, net of tax (benefit) expense of $(66), $77, $68 and $(3)
$
(14,329
)
 
$
(2,357
)
 
$
(16,885
)
 
$
(2,725
)
 
 
 
 
 
 
 
 
Shares:
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding
41,064

 
40,441

 
40,924

 
40,363

Shares issuable under deferred compensation agreements
408

 
532

 
406

 
530

Basic weighted-average number of common shares outstanding
41,472

 
40,973

 
41,330

 
40,893

Common shares assumed upon exercise of stock options and awards
240

 
—

 
—

 
—

Shares issuable under deferred compensation arrangements
18

 
—

 
—

 
—

Dilutive weighted-average number of common shares outstanding
41,730

 
40,973

 
41,330

 
40,893

 
 
 
 
 
 
 
 
Basic loss attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
$
0.03

 
$
(2.24
)
 
$
(0.06
)
 
$
(2.50
)
Loss from discontinued operations, net of tax
(0.35
)
 
(0.06
)
 
(0.41
)
 
(0.07
)
Basic loss attributable to Checkpoint Systems, Inc. per share
$
(0.32
)
 
$
(2.30
)
 
$
(0.47
)
 
$
(2.57
)
 
 
 
 
 
 
 
 
Diluted loss attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
$
0.03

 
$
(2.24
)
 
$
(0.06
)
 
$
(2.50
)
Loss from discontinued operations, net of tax
(0.34
)
 
(0.06
)
 
(0.41
)
 
(0.07
)
Diluted loss attributable to Checkpoint Systems, Inc. per share
$
(0.31
)
 
$
(2.30
)
 
$
(0.47
)
 
$
(2.57
)


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 months ended June 30, 2013 and June 24, 2012 were as follows:
 
Quarter
 
Six Months
 
(13 weeks) Ended
 
(26 weeks) Ended
(amounts in thousands)
June 30,
2013

 
June 24,
2012

 
June 30,
2013

 
June 24,
2012

Weighted-average common share equivalents associated with anti-dilutive stock options and restricted stock units excluded from the computation of diluted EPS(1)
2,201

 
3,110

 
2,466

 
2,970


(1) 
Stock options and awards of 218 shares and deferred compensation arrangements of 35 shares were anti-dilutive in the six months ended 2013, and were therefore excluded from the earnings per share calculation due to our loss from continuing operations for the year. Stock options and awards of 62 shares and 90 shares, respectively, and deferred compensation arrangements of 26 shares and 14 shares, respectively, were anti-dilutive in the first three and six months of 2012, and were therefore excluded from the earnings per share calculation due to our loss from continuing operations for the periods.