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Income (Loss) Per Share (Tables)
6 Months Ended
Jul. 02, 2016
Earnings Per Share [Abstract]  
Computation of basic and diluted income (loss) per share
The following table sets forth the computation of basic and diluted income (loss) per share for the three and six months ended July 2, 2016, and June 27, 2015 (in thousands, except per share data): 
 
 
For the Three Months Ended
 
For the Six Months Ended
 
 
July 2,
2016
 
June 27,
2015
 
July 2,
2016
 
June 27,
2015
Numerator for basic and diluted income (loss) per share:
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
50,860

 
$
(3,355
)
 
$
63,880

 
$
(11,534
)
(Loss) income from discontinued operations, net of taxes
 
(3,304
)
 
950

 
(5,121
)
 
1,450

Net income (loss)
 
$
47,556

 
$
(2,405
)
 
$
58,759

 
$
(10,084
)
Numerator for diluted income (loss) per share:
 
 
 
 
 
 
 
 
Income (loss) from continuing operations - as reported
 
$
50,860

 
$
(3,355
)
 
$
63,880

 
$
(11,534
)
Interest expense on 7% Notes, net of taxes
 
572

 

 
1,311

 

Income (loss) from continuing operations - after assumed conversions of dilutive shares
 
51,432

 
(3,355
)
 
65,191

 
(11,534
)
(Loss) income from discontinued operations, net of taxes
 
(3,304
)
 
950

 
(5,121
)
 
1,450

Net income (loss) for diluted loss per share - after assumed conversions of dilutive shares
 
$
48,128

 
$
(2,405
)
 
$
60,070

 
$
(10,084
)
Denominator for weighted average common shares outstanding:
 
 

 
 

 
 

 
 

Basic shares
 
8,517

 
8,479

 
8,501

 
8,474

Dilutive effect of 7% Notes
 
1,460

 

 
1,642

 

Dilutive effect of Equity Awards
 

 

 

 

Dilutive effect of Warrants
 

 

 

 

Diluted shares
 
9,977

 
8,479

 
10,143

 
8,474

 
 
 
 
 
 
 
 
 
Income (loss) per share – basic:
 
 
 

 
 
 
 
Continuing operations
 
$
5.97

 
$
(0.39
)
 
$
7.51

 
$
(1.36
)
Discontinued operations
 
(0.39
)
 
0.11

 
(0.60
)
 
0.17

Net income (loss)
 
$
5.58

 
$
(0.28
)
 
$
6.91

 
$
(1.19
)
 
 
 
 
 
 
 
 
 
Income (loss) per share – diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
5.15

 
$
(0.39
)
 
$
6.43

 
$
(1.36
)
Discontinued operations
 
(0.33
)
 
0.11

 
(0.51
)
 
0.17

Net income (loss)
 
$
4.82

 
$
(0.28
)
 
$
5.92

 
$
(1.19
)