Organization and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 26, 2015

Organization and Summary of Significant Accounting Policies:

Summary of the valuation assets and liabilities measured at fair value on a recurring basis

The following table summarizes the valuation of our assets and liabilities measured at fair value on a recurring basis (in thousands) at the respective dates set forth below:

		September 26, 2015								December 27, 2014
Balance Sheet Classification		Interest Rate Swaps			Non-qualified Deferred Compensation Plan Investments		Earn-out Contingent Consideration Obligation			Interest Rate Swaps			Non-qualified Deferred Compensation Plan Investments		Earn-out Contingent Consideration Obligation
Other assets	Level 1	$	—		$	511	$	—		$	—		$	697	$	—
Interest rate swaps	Level 2	(248		)	—		—			(349		)	—		—
Accrued liabilities	Level 3	—			—		(241		)	—			—		(246		)
Other liabilities	Level 3	—			—		(1,372		)	—			—		(1,602		)
		$	(248	)	$	511	$	(1,613	)	$	(349	)	$	697	$	(1,848	)

Activity of the fair value of the measurements using unobservable inputs (Level 3 Liabilities)

A summary of the activity of the fair value of the measurements using unobservable inputs (Level 3 Liabilities) for the nine months ended September 26, 2015, is as follows (in thousands):

	Level 3
Balance at December 27, 2014	$	1,848
Earn-out compensation paid for Willamette Valley Fruit Company	(230		)
Earn-out compensation paid for Sin In A Tin	(5		)
Balance at September 26, 2015	$	1,613

Schedule of earnings per common share

Earnings (loss) per common share was computed as follows for the quarters and nine months ended September 26, 2015 and September 27, 2014 (in thousands, except per share data):

	Quarters Ended					Nine Months Ended
	September 26, 2015			September 27, 2014		September 26, 2015			September 27, 2014
Basic Earnings (Loss) Per Share:
Net income (loss)	$	(1,737	)	$	3,084	$	(18,323	)	$	7,153
Weighted average number of common shares	19,594			19,530		19,580			19,478
Earnings (loss) per common share	$	(0.09	)	$	0.16	$	(0.94	)	$	0.37
Diluted Earnings (Loss) Per Share:
Net income (loss)	$	(1,737	)	$	3,084	$	(18,323	)	$	7,153
Weighted average number of common shares	19,594			19,530		19,580			19,478
Incremental shares from assumed conversions of stock options and non-vested shares of restricted stock	—			484		—			488
Adjusted weighted average number of common shares	19,594			20,014		19,580			19,966
Earnings (loss) per common share	$	(0.09	)	$	0.15	$	(0.94	)	$	0.36