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Net Income (Loss) Per Share
 6 Months Ended
Jul. 01, 2012
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
13. Net Income (Loss) per Share
Basic net income per share is computed on the basis of weighted average outstanding common shares.  Diluted net income per share is computed on the basis of basic weighted average outstanding common shares adjusted for the dilutive effect of stock options, if dilutive. The numerator of the diluted net income per share calculation is increased by the allocation of net income and dividends declared to nonvested shares, if the net impact is dilutive.
 The Company has determined that certain nonvested share awards (also referred to as restricted stock awards) and the Preferred Stock issued by the Company are participating securities because they have non-forfeitable rights to dividends. Accordingly, basic net income per share is calculated under the two-class method calculation. In determining the number of diluted shares outstanding, the Company is required to disclose the more dilutive earnings per share result between the treasury stock method calculation and the two-class method calculation.
The computation of basic and diluted net income per share for the three and six months ended July 1, 2012 and July 3, 2011 were as follows:
 
Three Months Ended
 
Six Months Ended
 
July 1, 2012
 
July 3, 2011
 
July 1, 2012
 
July 3, 2011
Basic net income (loss) per share:
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
(918
)
 
$
300

 
$
(3,821
)
 
$
(532
)
Net income from discontinued operations
$
668

 
$
5,208

 
$
44

 
$
8,286

Weighted average common shares outstanding
22,742,257

 
21,663,181

 
22,413,285

 
21,652,950

Basic net income (loss) per share from continuing operations
$
(0.04
)
 
$
0.01

 
$
(0.17
)
 
$
(0.02
)
Basic net income per share from discontinued operations
$
0.03

 
$
0.24

 
$
0.00

 
$
0.38

 
 
 
 
 
 
 
 
Diluted net income (loss) per share:
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
(918
)
 
$
300

 
$
(3,821
)
 
$
(532
)
Net income from discontinued operations
$
668

 
$
5,208

 
$
44

 
$
8,286

Shares used in computing basic net income (loss) per share
22,742,257

 
21,663,181

 
22,413,285

 
21,652,950

Dilutive effect of preferred stock, non-vested shares and stock options
—

 
497,333
 
—

 
—

Shares used in computing diluted net income (loss) per share
22,742,257

 
22,160,514

 
22,413,285

 
21,652,950

Diluted net income (loss) per share from continuing operations
$
(0.04
)
 
$
0.01

 
$
(0.17
)
 
$
(0.02
)
Diluted net income per share from discontinued operations
$
0.03

 
$
0.24

 
$
0.00

 
$
0.38

Shares excluded from diluted net income (loss) per share computation (1)
9,849,490

 
1,031,344

 
9,849,490

 
1,478,196


(1)
These shares subject to preferred stock, stock options and non-vested shares were not included in the computation of diluted net income (loss) per share because they would have been antidilutive for the periods presented.