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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)
 12 Months Ended
Dec. 28, 2013
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)  
Schedule of quarterly results of operations

 

 

 
   First
Quarter		   Second
Quarter		   Third
Quarter		   Fourth
Quarter		  
 
   (In thousands, except per share data)
  

52 weeks ended December 28, 2013

                          

Net sales

   $ 53,510   $ 60,122   $ 47,221   $ 55,847  

Gross profit

     16,396     20,875     15,812     20,316  

Loss before income tax provision

     (8,278 )(3)   (3,138 )(3)   (7,989 )(3)   (4,761 )(1)(3)

Income tax provision

     10,227 (2)   20     8     13  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net loss

   $ (18,505 ) $ (3,158 ) $ (7,997 ) $ (4,774 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Basic and diluted loss per share:

                          

Basic loss per share:

   $ (1.43 ) $ (0.17 ) $ (0.38 ) $ (0.23 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Diluted loss per share:

   $ (1.43 ) $ (0.17 ) $ (0.38 ) $ (0.23 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

52 weeks ended December 29, 2012

                          

Net sales

   $ 55,995   $ 61,633   $ 45,789   $ 60,793  

Gross profit

     22,197     26,383     14,661     20,670  

Income (loss) before income tax provision (benefit)

     (2,005 )   1,701 (3)   (8,089 )(3)   (4,970 )(1)(3)

Income tax provision (benefit)

     (797 )   670     (1,713 )(2)   555 (2)
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss)

   $ (1,208 ) $ 1,031   $ (6,376 ) $ (5,525 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Basic and diluted earnings (loss) per share:

                          

Basic earnings (loss) per share:

   $ (0.09 ) $ 0.08   $ (0.49 ) $ (0.43 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

Diluted earnings (loss) per share:

   $ (0.09 ) $ 0.08   $ (0.49 ) $ (0.43 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
(1)
Includes impairment charges of approximately $1.0 million for 27 underperforming stores for fiscal 2013 and $1.1 million for 26 underperforming stores for fiscal 2012, respectively.

(2)
During the first quarter of fiscal 2013, and during the third and fourth quarters of fiscal 2012, we recorded a $10.2 million, $1.3 million, and $2.5 million, respectively, of non-cash tax charges related to valuation allowances against net deferred tax assets.

(3)
Includes severance accruals recorded in the first quarter of fiscal 2013 of $1.5 million in connection with separation agreements with the Company's former Chief Executive Officer and other corporate employees. Includes severance accruals recorded in the second quarter of fiscal 2013 of $956,000 in connection with separation agreements with corporate executives. Includes severance accruals recorded in the third quarter of fiscal 2013 of $638,000 in connection with separation agreements with the Company's Chief Financial Officer and other corporate employees. Includes severance accruals recorded in the fourth quarter of fiscal 2013 of $106,000 in connection with separation agreements with corporate employees. Includes severance accruals recorded in fiscal 2012 of $152,000, $227,000 and $61,000 in connection with separation agreements with corporate employees in the second, third, and fourth quarters, respectively.