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Earnings (Loss) Per Share
 6 Months Ended
Jun. 25, 2016
Earnings Per Share, Basic and Diluted [Abstract]  
Earnings (Loss) Per Share
EARNINGS (LOSS) PER SHARE

Earnings (Loss) Per Share

The Company's unvested stock awards that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, are considered participating securities and are included in the computation of earnings per share. The accounting guidance requires additional disclosure of EPS for common stock and unvested share-based payment awards, separately disclosing distributed and undistributed earnings. Undistributed earnings represent earnings that were available for distribution but were not distributed. Common stock and unvested share-based payment awards earn dividends equally. All earnings were undistributed in all periods presented.

The following table sets forth the computation of basic and diluted earnings (loss) per share from continuing operations:
 
Three Months Ended
 
Six Months Ended
 
June 25,
2016
 
June 27,
2015
 
June 25,
2016
 
June 27,
2015
Basic earnings (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
1,615

 
$
516

 
$
(3,142
)
 
$
(1,864
)
Less: Allocation of earnings to participating securities
(49
)
 
(13
)
 
—

 
—

Income (loss) from continuing operations available to common shareholders - basic
$
1,566

 
$
503

 
$
(3,142
)
 
$
(1,864
)
Basic weighted-average shares outstanding (1)
15,645

 
15,546

 
15,623

 
15,490

Basic earnings (loss) per share - continuing operations
$
0.10

 
$
0.03

 
$
(0.20
)
 
$
(0.12
)
 
 
 
 
 
 
 
 
Diluted earnings (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations available to common shareholders - basic
$
1,566

 
$
503

 
$
(3,142
)
 
$
(1,864
)
Add: Undistributed earnings reallocated to unvested shareholders
1

 
1

 
—

 
—

Income (loss) from continuing operations available to common shareholders - basic
$
1,567

 
$
504

 
$
(3,142
)
 
$
(1,864
)
Basic weighted-average shares outstanding (1)
15,645

 
15,546

 
15,623

 
15,490

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options (2)
—

 
37

 
—

 
—

Directors' stock performance units (2)
138

 
73

 
—

 
—

Diluted weighted-average shares outstanding (1)(2)
15,783

 
15,656

 
15,623

 
15,490

Diluted earnings (loss) per share - continuing operations
$
0.10

 
$
0.03

 
$
(0.20
)
 
$
(0.12
)


(1)
Includes Common and Class B Common shares, in thousands.
(2)
Shares issuable under stock option plans where the exercise price is greater than the average market price of the Company's Common Stock during the relevant period and directors' stock performance units have been excluded to the extent they are anti-dilutive. Aggregate shares excluded for the three and six months ended June 25, 2016 were 104 and 207, respectively, and for the three and six months ended June 27, 2015 were 236 and 352, respectively.