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Net Income (Loss) Per Share (Notes)
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Loss per Share
The Company applies the two-class method to calculate and present net loss per share. The Company's non-vested share awards and convertible Preferred Stock issued to BKC contain non-forfeitable rights to dividends and are considered participating securities for purposes of computing net loss per share pursuant to the two-class method. Under the two-class method, net earnings are reduced by the amount of dividends declared (whether paid or unpaid) and the remaining undistributed earnings are then allocated to common stock and participating securities, based on their respective rights to receive dividends.
Basic net loss per share is computed by dividing consolidated net income available to common shareholders by the weighted average number of shares of common stock outstanding for the reporting period. Diluted net loss per share reflects additional shares of common stock outstanding, where applicable, calculated using the treasury stock method or the two-class method.
The following table sets forth the calculation of basic and diluted net loss per share:
 
Three Months Ended
 
Six Months Ended
 
June 30, 2013
 
July 1, 2012
 
June 30, 2013
 
July 1, 2012
Basic and diluted net loss per share:
 
 
 
 
 
 
 
Net loss from continuing operations
$
(3,496
)
 
$
(779
)
 
$
(8,695
)
 
$
(3,682
)
Net loss from discontinued operations
$
—

 
$
668

 
$
—

 
$
44

Basic and diluted weighted average common shares outstanding
22,899,092

 
22,742,257

 
22,883,993

 
22,413,285

Basic and diluted net loss per share from continuing operations
$
(0.15
)
 
$
(0.03
)
 
$
(0.38
)
 
$
(0.16
)
Basic and diluted net income per share from discontinued operations
$
—

 
$
0.03

 
$
—

 
$
—

Common shares excluded from diluted net loss per share computation (1)
10,188,058

 
9,849,490

 
10,188,058

 
9,849,490


(1)
Shares subject to preferred stock, stock options and non-vested shares were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive.