Note 3 - Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 3 – EARNINGS PER SHARE

The Company computes basic earnings per share (“EPS”) by dividing net income by the weighted average common shares outstanding, including participating securities outstanding, during the period as discussed below.  Diluted EPS reflects the potential dilution beyond shares for basic EPS that could occur if securities or other contracts to issue common stock were exercised, converted into common stock or resulted in the issuance of common stock that would have shared in the Company’s earnings.

The Company includes all unvested stock awards which contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, in the number of shares outstanding in our basic and diluted EPS calculations when the inclusion of these shares would be dilutive. Unvested share-based awards of restricted stock are paid dividends equally with all other shares of common stock. As a result, the Company includes all outstanding restricted stock awards in the calculation of basic and diluted EPS. Distributed earnings include common stock dividends and dividends earned on unvested share-based payment awards. Undistributed earnings represent earnings that were available for distribution but were not distributed. The following tables show distributed and undistributed earnings:

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
Earnings Per Share from Continuing Operations:
Basic Earnings Per Share Attributable to Common Stockholders:
Distributed Earnings	$	0.03	$	0.02	$	0.05	$	0.04
Undistributed Earnings		0.14		0.14		0.22		0.03
Total	$	0.17	$	0.16	$	0.27	$	0.07
Diluted Earnings Per Share Attributable to Common Stockholders:
Distributed Earnings	$	0.03	$	0.02	$	0.05	$	0.04
Undistributed Earnings		0.14		0.14		0.22		0.03
Total	$	0.17	$	0.16	$	0.27	$	0.07
Earnings (Loss) Per Share from Discontinued Operations:
Basic earnings (loss) per share attributable to Interface, Inc. common shareholders
Distributed earnings	$	0.00	$	0.00	$	0.00	$	0.00
Undistributed earnings		0.00		0.00		0.00		0.00
	$	0.00	$	0.00	$	0.00	$	0.00
Diluted earnings (loss) per share attributable to Interface, Inc. common shareholders
Distributed earnings	$	0.00	$	0.00	$	0.00	$	0.00
Undistributed earnings		0.00		0.00		0.00		0.00
	$	0.00	$	0.00	$	0.00	$	0.00
Basic earnings per share attributable to Interface, Inc. common shareholders	$	0.17	$	0.16	$	0.27	$	0.07
Diluted earnings per share attributable to Interface, Inc. common shareholders	$	0.17	$	0.16	$	0.27	$	0.07

The following tables present net income that was attributable to participating securities:

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
			(In millions)
Net Income	$	0.3	$	0.3	$	0.5	$	0.1

The weighted average shares outstanding for basic and diluted EPS were as follows:

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
			(In thousands)
Weighted Average Shares Outstanding		64,486		63,927		64,453		63,676
Participating Securities		1,694		2,025		1,694		2,025
Shares for Basic Earnings Per Share		66,180		65,952		66,148		65,701
Dilutive Effect of Stock Options		149		176		149		167
Shares for Diluted Earnings Per Share		66,329		66,128		66,297		65,868

For the three-month period ended July 1, 2012, options to purchase 274,000 shares of common stock were not included in the computation of diluted EPS as their impact would be anti-dilutive. For the six-month period ended July 1, 2012, options to purchase 274,000 shares of common stock were not included in the computation of diluted EPS as their impact would be anti-dilutive.