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Net Income (Loss) Per Share
 12 Months Ended
Dec. 30, 2012
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
19. Net Income (Loss) per Share
Basic net income (loss) per share is computed on the basis of weighted average outstanding common shares.  Diluted net income (loss) per share is computed on the basis of basic weighted average outstanding common shares adjusted for the 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 non-vested shares, if the net impact is dilutive.
The Company has determined that certain non-vested 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 (loss) per share is calculated under the two-class method. 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 and the two-class method.
The following table is a reconciliation of the net income (loss) and share amounts used in the calculation of basic net income (loss) per share and diluted net income (loss) per share:
 
Year ended
 
December 30, 2012
 
January 1, 2012
 
January 2, 2011
Basic net income (loss) per share:
 
 
 
 
 
Net income (loss) from continuing operations
$
(18,816
)
 
$
(524
)
 
$
1,810

Net income (loss) from discontinued operations
$
(72
)
 
$
11,742

 
$
10,106

Weighted average common shares outstanding
22,580,468

 
21,677,837

 
21,620,550

Basic net income (loss) per share from continuing operations
$
(0.83
)
 
$
(0.02
)
 
$
0.08

Basic net income per share from discontinued operations
$
0.00

 
$
0.54

 
$
0.47

Diluted net income (loss) per share:
 
 
 
 
 
Net income (loss) from continuing operations
$
(18,816
)
 
$
(524
)
 
$
1,810

Net income (loss) from discontinued operations
$
(72
)
 
$
11,742

 
$
10,106

Common shares used in computed basic net income (loss) per share
22,580,468

 
21,677,837

 
21,620,550

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

 
—

 
214,867

Common shares used in computed diluted net income (loss) per share
22,580,468

 
21,677,837

 
21,835,417

Diluted net income (loss) per share from continuing operations
$
(0.83
)
 
$
(0.02
)
 
$
0.08

Diluted net income per share from discontinued operations
$
0.00

 
$
0.54

 
$
0.46

Common shares excluded from diluted net income (loss) per share computation (1)
10,349,208

 
1,551,372

 
2,076,725


 
(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 years presented.