Earnings per Share (Tables)

6 Months Ended

Jul. 04, 2015

Earnings Per Share [Abstract]

Computation of Earnings Per Share

Earnings per share were computed as follows (in thousands, except per share amounts):

	Three Months Ended					Six Months Ended
	July 4, 2015			June 28, 2014		July 4, 2015			June 28, 2014
Weighted average shares:
Basic weighted average shares outstanding		50,917			50,606		50,798			50,509
Effect of dilutive securities outstanding		0			672		0			620
Diluted weighted average and equivalent shares outstanding		50,917			51,278		50,798			51,129
Basic per share amounts:
Net (loss) income	$	(76,258	)	$	27,557	$	(101,555	)	$	69,163
Basic weighted average shares outstanding		50,917			50,606		50,798			50,509
Per share amount	$	(1.50	)	$	0.54	$	(2.00	)	$	1.37
Diluted per share amounts:
Net (loss) income	$	(76,258	)	$	27,557	$	(101,555	)	$	69,163
Diluted weighted average and equivalent shares outstanding		50,917			51,278		50,798			51,129
Per share amount	$	(1.50	)	$	0.54	$	(2.00	)	$	1.35

Potentially Dilutive Securities Excluded from Earnings Per Share Calculation

Potentially dilutive securities consist primarily of stock appreciation rights (SARs) with an exercise price greater than the average market closing price of the Class A common stock. Due to a net loss for the second quarter and first half of 2015, restricted stock and warrants were anti-dilutive and therefore excluded from the earnings per share calculation. These excluded shares are as follows:

	Three Months Ended				Six Months Ended
	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Potentially dilutive shares		1,152,000		166,000		1,018,000		166,000