EARNINGS PER COMMON SHARE

12 Months Ended

Jan. 02, 2016

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

NOTE 16:  EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings (loss) per common share.

	Fiscal Years Ended
In thousands, except per share data	January 2, 2016			January 3, 2015		December 28, 2013
Income (loss) from continuing operations	$	21,708		$	76,726	$	(32,165	)
(Loss) income from discontinued operations, net of income taxes		(4,621	)		82,434		105,160
Net income	$	17,087		$	159,160	$	72,995
Basic weighted average shares outstanding		127,634			126,264		121,057
Stock options and nonvested shares(a)(b)		588			755		—
Convertible Notes(c)		—			—		—
Diluted weighted average shares outstanding		128,222			127,019		121,057
Earnings (loss) per share:
Basic
Income (loss) from continuing operations	$	0.17		$	0.61	$	(0.27	)
(Loss) income from discontinued operations		(0.04	)		0.65		0.87
Net income	$	0.13		$	1.26	$	0.60
Diluted
Income (loss) from continuing operations	$	0.17		$	0.60	$	(0.27	)
(Loss) income from discontinued operations		(0.04	)		0.65		0.87
Net income	$	0.13		$	1.25	$	0.60

(a)	Because the Company incurred a loss from continuing operations for the year ended December 28, 2013, outstanding stock options and nonvested shares are antidilutive. Accordingly, for the year ended December 28, 2013, approximately 5.2 million outstanding stock options and approximately 0.5 million outstanding nonvested shares were excluded from the computation of diluted loss per share.
(b)	Excludes approximately 0.5 million nonvested shares for the year ended December 28, 2013, for which the performance criteria were not achieved.
(c)	Because the Company incurred a loss from continuing operations for the year ended December 28, 2013, approximately 1.5 million potentially dilutive shares issuable upon conversion of the Convertible Notes were considered antidilutive for such period and were excluded from the computation of diluted loss per share.