Income (Loss) Per Share (Tables)

6 Months Ended

Jul. 01, 2017

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 1, 2017, and July 2, 2016 (in thousands, except per share data): 

	For the Three Months Ended						For the Six Months Ended
	July 1, 2017			July 2, 2016			July 1, 2017			July 2, 2016
Numerator for basic and diluted (loss) income per share:
(Loss) income from continuing operations	$	(1,851	)	$	50,860		$	(10,543	)	$	63,880
Loss from discontinued operations, net of taxes	—			(3,304		)	—			(5,121		)
Net (loss) income	$	(1,851	)	$	47,556		$	(10,543	)	$	58,759
Numerator for diluted (loss) income per share:
(Loss) income from continuing operations - as reported	$	(1,851	)	$	50,860		$	(10,543	)	$	63,880
Interest expense on 7% Notes, net of taxes	—			572			—			1,311
(Loss) income from continuing operations - after assumed conversions of dilutive shares	(1,851		)	51,432			(10,543		)	65,191
Loss from discontinued operations, net of taxes	—			(3,304		)	—			(5,121		)
Net (loss) income for diluted loss per share - after assumed conversions of dilutive shares	$	(1,851	)	$	48,128		$	(10,543	)	$	60,070
Denominator for weighted average common shares outstanding:
Basic shares	8,561			8,517			8,557			8,501
Dilutive effect of 7% Notes	—			1,460			—			1,642
Dilutive effect of Equity Awards	—			—			—			—
Dilutive effect of warrants	—			—			—			—
Diluted shares	8,561			9,977			8,557			10,143
(Loss) income per share – basic:
Continuing operations	$	(0.22	)	$	5.97		$	(1.23	)	$	7.51
Discontinued operations	—			(0.39		)	—			(0.60		)
Net (loss) income	$	(0.22	)	$	5.58		$	(1.23	)	$	6.91
(Loss) income per share – diluted:
Continuing operations	$	(0.22	)	$	5.15		$	(1.23	)	$	6.43
Discontinued operations	—			(0.33		)	—			(0.51		)
Net (loss) income	$	(0.22	)	$	4.82		$	(1.23	)	$	5.92