Stockholders' Equity

9 Months Ended

Oct. 01, 2011

Stockholders' Equity [Abstract]

Stockholders' Equity

6. Stockholders’ Equity

Basic earnings per common share are based upon the weighted average shares outstanding. Outstanding stock options are treated as potential common stock for purposes of computing diluted earnings per share. Basic and diluted earnings per share are calculated using the following share data:

	Three Months				Nine Months
	Ended				Ended
	October 1,		October 2,		October 1,		October 2,
	2011		2010		2011		2010
Weighted average shares outstanding for basic calculation		14,345		10,345		14,345		10,341
Add: Effect of dilutive stock options
Weighted average shares outstanding Adjusted for diluted calculation		14,345		10,345		14,345		10,341

In the 2011 and 2010 third quarter and nine month periods, the dilutive effect of outstanding stock options is not recognized since we have a net operating loss for all periods. Approximately 1.4 million shares in 2011 and 1.5 million shares in 2010 are issuable upon the exercise of stock options.

A reconciliation of the activity in Stockholders’ Equity accounts for the nine months of 2011 is as follows:

									Accumulated
			Capital in						Other
	Common		Excess of			Retained			Comprehensive
	Stock		Par Value			Earnings			Loss
Balance, December 31, 2010	$	287	$	14,433		$	47,062		$	13
Net loss							(6,215	)
Fees related to issuance of stock				(40	)
Stock-based compensation				342
Adjustment to net periodic benefit cost										(118	)
Balance, October 1, 2011	$	287	$	14,735		$	40,847		$	(105	)

The components of other comprehensive loss are as follows:

	Three Months Ended						Nine Months Ended
	October 1,			October 2,			October 1,			October 2,
	2011			2010			2011			2010
Net loss	$	(1,691	)	$	(4,934	)	$	(6,215	)	$	(35,466	)
Adjustment to net periodic benefit cost		(50	)		(13	)		(118	)		(39	)
Comprehensive loss	$	(1,741	)	$	(4,947	)	$	(6,333	)	$	(35,505	)