EARNINGS PER SHARE

12 Months Ended

Dec. 28, 2013

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 13. EARNINGS PER SHARE

        The following table sets forth the computations of basic and diluted earnings per share:

	52 Weeks Ended			52 Weeks Ended			52 Weeks Ended
	December 28, 2013			December 29, 2012			December 31, 2011
Net income (loss)	$	(34,434,000	)	$	(12,078,000	)	$	2,081,000
Net income (loss) per share—basic	$	(1.87	)	$	(0.94	)	$	0.16
Net income(loss) per share—diluted	$	(1.87	)	$	(0.94	)	$	0.16
Weighted average common shares outstanding		18,365,000			12,887,000			12,838,000
Dilutive effect of stock options and restrictive stock awards		—			—			46,000
Weighted average common and potentially dilutive common shares		18,365,000			12,887,000			12,884,000

        Options and unvested restricted common shares of 1,450,167, 1,170,009, and 1,062,330 were excluded from the computation of diluted earnings per share for fiscal 2013 and 2012, respectively, because of the net loss incurred by the Company. Diluted weighted average shares for fiscal 2011 include 4,174 shares due to the potential exercise of stock options that were outstanding and exercisable during the year. Options to purchase 736,675 common shares were excluded from the computation of diluted earnings per share for fiscal 2011 due to the anti-dilutive effect caused by the exercise price exceeding the average market price. Unvested restricted common shares of 456,663 were excluded from the computation of diluted earnings per share for fiscal 2011 due to contingent restricted shares not meeting their performance goals.