Note 5 - Loss Per Share

6 Months Ended

Jul. 02, 2011

Earnings Per Share [Text Block]

Note 5 – Loss Per Share

Set forth in the table below is the reconciliation by quarter of the numerator (loss from continuing operations) and the denominator (shares) for the computation of basic and diluted loss from continuing operations per share:

(In thousands, except per share data)	Numerator Income (Loss)			Denominator Shares		Per Share Amount
Three months ended July 2, 2011:
Basic loss from continuing operations	$	(7,273	)		5,611	$	(1.30	)
Effect of dilutive securities:
Preferred rights		—			—		—
Restricted stock		—			—		—
Stock options		—			—		—
Diluted loss from continuing operations	$	(7,273	)		5,611	$	(1.30	)
Three months ended July 3, 2010:
Basic loss from continuing operations	$	(7,754	)		5,554	$	(1.40	)
Effect of dilutive securities:
Preferred rights		—			—		—
Restricted stock		—			—		—
Diluted loss from continuing operations	$	(7,754	)		5,554	$	(1.40	)

Six months ended July 2, 2011:
Basic loss from continuing operations	$	(10,968	)	5,582	$	(1.96	)
Effect of dilutive securities:
Preferred rights		—		—		—
Restricted stock		—		—		—
Stock options		—		—		—
Diluted loss from continuing operations	$	(10,968	)	5,582	$	(1.96	)
Six months ended July 3, 2010:
Basic loss from continuing operations	$	(12,232	)	5,553	$	(2.20	)
Effect of dilutive securities:
Preferred rights		—		—		—
Restricted stock		—		—		—
Diluted loss from continuing operations	$	(12,232	)	5,553	$	(2.20	)

For the three and six-month periods ended July 2, 2011 and July 3, 2010, potentially dilutive shares of 590,500 and 785,250, respectively, were excluded from the calculation of dilutive shares because their effect would have been anti-dilutive.