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Net Income (Loss) Per Share (Notes)
3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Loss per Share
Basic net loss per share is computed on the basis of weighted average outstanding common shares.  Diluted net 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 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 loss and share amounts used in the calculation of basic and diluted net loss per share for the three months ended March 31, 2013 and April 1, 2012:
 
Three Months Ended
 
March 31, 2013
 
April 1, 2012
Basic and diluted net loss per share:
 
 
 
Net loss from continuing operations
$
(5,199
)
 
$
(2,903
)
Net loss from discontinued operations
$

 
$
(624
)
Basic and diluted weighted average common shares outstanding
22,868,894

 
21,856,466

Basic and diluted net loss per share from continuing operations
$
(0.23
)
 
$
(0.13
)
Basic and diluted net loss per share from discontinued operations
$

 
$
(0.03
)
Common shares excluded from diluted net loss per share computation (1)
10,188,883

 
434,403


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