Organization and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 26, 2016

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:

		March 26, 2016					December 26, 2015
Balance Sheet Classification		Non-qualified Deferred Compensation Plan Investments		Earn-out Contingent Consideration Obligation			Non-qualified Deferred Compensation Plan Investments		Earn-out Contingent Consideration Obligation
Other assets	Level 1	$	565	$	—		$	564	$	—
Accrued liabilities	Level 3	—		(265		)	—		(376		)
Other liabilities	Level 3	—		(1,269		)	—		(1,499		)
		$	565	$	(1,534	)	$	564	$	(1,875	)

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 quarter ended March 26, 2016, is as follows (in thousands):

	Level 3
Balance at December 26, 2015	$	1,875
Earn-out compensation paid for Willamette Valley Fruit Company	(340		)
Earn-out compensation paid for Sin In A Tin	(1		)
Balance at March 26, 2016	$	1,534

Schedules of basic and diluted earnings per common share

Loss per common share was computed as follows for the quarters ended March 26, 2016 and March 28, 2015 (in thousands, except per share data):

	Quarters Ended
	March 26, 2016			March 28, 2015
Basic Loss Per Share:
Net loss	$	(1,018	)	$	(14,635	)
Weighted average number of common shares	19,603			19,581
Loss per common share	$	(0.05	)	$	(0.75	)
Diluted Loss Per Share:
Net loss	$	(1,018	)	$	(14,635	)
Weighted average number of common shares	19,603			19,581
Incremental shares from assumed conversions of stock options	—			—
Adjusted weighted average number of common shares	19,603			19,581
Loss per common share	$	(0.05	)	$	(0.75	)