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Earnings Per Share
 12 Months Ended
Dec. 29, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

For fiscal years 2013, 2012, and 2011, 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 29, 2013

 
December 30, 2012

 
December 25, 2011

 
 
 
(As Restated)

 
(As Restated)

Basic earnings (loss) from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders
$
(1,772
)
 
$
(138,491
)
 
$
(82,339
)
Basic loss from discontinued operations, net of tax (benefit) expense of ($68), $247, and ($378)
$
(17,156
)
 
$
(7,959
)
 
$
(1,165
)
Diluted earnings (loss) from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders
$
(1,772
)
 
$
(138,491
)
 
$
(82,339
)
Diluted loss from discontinued operations, net of tax (benefit) expense of ($68), $247, and ($378)
$
(17,156
)
 
$
(7,959
)
 
$
(1,165
)
Shares:
 
 
 
 
 
Weighted average number of common shares outstanding
41,128

 
40,476

 
40,070

Shares issuable under deferred compensation agreements
393

 
524

 
462

Basic weighted average number of common shares outstanding
41,521

 
41,000

 
40,532

Common shares assumed upon exercise of stock options and awards
—

 
—

 
—

Shares issuable under deferred compensation arrangements
—

 
—

 
—

Dilutive weighted average number of common shares outstanding
41,521

 
41,000

 
40,532

Basic loss attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
Loss from continuing operations
$
(0.05
)
 
$
(3.37
)
 
$
(2.03
)
Loss from discontinued operations, net of tax
(0.41
)
 
(0.20
)
 
(0.03
)
Basic loss attributable to Checkpoint Systems, Inc. per share
$
(0.46
)
 
$
(3.57
)
 
$
(2.06
)
Diluted loss attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
Loss from continuing operations
$
(0.05
)
 
$
(3.37
)
 
$
(2.03
)
Loss from discontinued operations, net of tax
(0.41
)
 
(0.20
)
 
(0.03
)
Diluted loss attributable to Checkpoint Systems, Inc. per share
$
(0.46
)
 
$
(3.57
)
 
$
(2.06
)


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 potential common shares for the years ended December 29, 2013, December 30, 2012, and December 25, 2011 were as follows: 
(amounts in thousands)
December 29, 2013

 
December 30, 2012

 
December 25, 2011

Weighted average potential common shares associated with anti-dilutive stock options and restricted stock units excluded from the computation of diluted EPS(1)
2,368

 
3,107

 
2,380


 
(1) 
Adjustments for stock options and awards of 361 shares, 61 shares and 329 shares and deferred compensation arrangements of 21 shares, 12 shares and 11 shares were anti-dilutive in fiscal 2013, 2012 and 2011, respectively. These shares were therefore excluded from the earnings per share calculation due to our net loss for the years.