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Income (Loss) Per Share (Tables)
9 Months Ended
Oct. 01, 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 nine months ended October 1, 2016, and September 26, 2015 (in thousands, except per share data): 

 
 
For the Three Months Ended
 
For the Nine Months Ended
 
 
October 1,
2016
 
September 26,
2015
 
October 1,
2016
 
September 26,
2015
Numerator for basic and diluted income (loss) per share:
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
8,745

 
$
(3,562
)
 
$
72,625

 
$
(15,096
)
Income (loss) from discontinued operations, net of taxes
 
686

 
319

 
(4,435
)
 
1,769

Net income (loss)
 
$
9,431

 
$
(3,243
)
 
$
68,190

 
$
(13,327
)
Numerator for diluted income (loss) per share:
 
 
 
 
 
 
 
 
Income (loss) from continuing operations - as reported
 
$
8,745

 
$
(3,562
)
 
$
72,625

 
$
(15,096
)
Interest expense on 7% Notes, net of taxes
 
211

 

 
1,521

 

Income (loss) from continuing operations - after assumed conversions of dilutive shares
 
8,956

 
(3,562
)
 
74,146

 
(15,096
)
Income (loss) from discontinued operations, net of taxes
 
686

 
319

 
(4,435
)
 
1,769

Net income (loss) for diluted loss per share - after assumed conversions of dilutive shares
 
$
9,642

 
$
(3,243
)
 
$
69,711

 
$
(13,327
)
Denominator for weighted average common shares outstanding:
 
 

 
 

 
 

 
 

Basic shares
 
8,552

 
8,484

 
8,518

 
8,477

Dilutive effect of 7% Notes
 
415

 

 
1,227

 

Dilutive effect of Equity Awards
 

 

 

 

Dilutive effect of Warrants
 

 

 

 

Diluted shares
 
8,967

 
8,484

 
9,745

 
8,477

 
 
 
 
 
 
 
 
 
Income (loss) per share – basic:
 
 
 

 
 
 
 
Continuing operations
 
$
1.02

 
$
(0.42
)
 
$
8.53

 
$
(1.78
)
Discontinued operations
 
0.08

 
0.04

 
(0.52
)
 
0.21

Net income (loss)
 
$
1.10

 
$
(0.38
)
 
$
8.01

 
$
(1.57
)
 
 
 
 
 
 
 
 
 
Income (loss) per share – diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
1.00

 
$
(0.42
)
 
$
7.61

 
$
(1.78
)
Discontinued operations
 
0.08

 
0.04

 
(0.46
)
 
0.21

Net income (loss)
 
$
1.08

 
$
(0.38
)
 
$
7.15

 
$
(1.57
)