Note 11 - Income (Loss) Per Share

12 Months Ended

Jan. 03, 2016

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

INCOME (LOSS) PER SHARE

The Company computes basic earnings (loss) per share (“EPS”) by dividing net income (loss), by the weighted average common shares outstanding, including participating securities outstanding, during the period as depicted 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. Income attributable to non-controlling interest is included in the computation of basic and diluted earnings per share, where applicable.

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 common 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:

	Fiscal Year
	2015		2014		2013
Earnings per share:
Basic earnings per share
Distributed earnings	$	0.18	$	0.14	$	0.11
Undistributed earnings		0.92		0.23		0.62
	$	1.10	$	0.37	$	0.73
Diluted earnings per share
Distributed earnings	$	0.18	$	0.14	$	0.11
Undistributed earnings		0.92		0.23		0.62
	$	1.10	$	0.37	$	0.73

The following table presents net income that was attributable to participating securities:

	Fiscal Year
	2015		2014		2013
	(in millions)
Net income	$	1.6	$	0.5	$	1.2

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

	Fiscal Year
	2015		2014		2013
	(in thousands)
Weighted Average Shares Outstanding		64,557		64,998		64,486
Participating Securities		1,470		1,391		1,708
Shares for Basic Earnings Per Share		66,027		66,389		66,194
Dilutive Effect of Stock Options		48		59		103
Shares for Diluted Earnings Per Share		66,075		66,448		66,297

For all periods presented, there were no stock options excluded from the determination of diluted EPS.