Organization and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 24, 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  at the respective dates set forth below (in thousands):

		September 24, 2016				December 26, 2015
		Non-qualified				Non-qualified
		Deferred		Earn-out		Deferred		Earn-out
		Compensation		Contingent		Compensation		Contingent
		Plan		Consideration		Plan		Consideration
Balance Sheet Classification		Investments		Obligation		Investments		Obligation
Other assets	Level 1		631	$	—	$	564	$	—
Accrued liabilities	Level 3		—		(260)		—		(376)
Other liabilities	Level 3		—		(1,269)		—		(1,499)
		$	631	$	(1,529)	$	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 nine months ended September 24, 2016 is as follows (in thousands):

	Level 3
Balance at December 26, 2015	$	1,875
Earn-out compensation paid to Willamette Valley Fruit Company		(340)
Earn-out compensation paid to Sin In A Tin		(6)
Balance at September 24, 2016	$	1,529

Schedules of basic and diluted earnings per common share

Loss per common share was computed as follows for the quarters and nine months ended September 24, 2016 and September 26, 2015 (in thousands, except per share data):

	Quarter Ended				Nine Months Ended
	September 24,		September 26,		September 24,		September 26,
	2016		2015		2016		2015
Basic Loss Per Share:
Net loss	$	(2,564)	$	(1,737)	$	(3,860)	$	(18,323)
Weighted average number of common shares		19,671		19,594		19,634		19,580
Loss per common share	$	(0.13)	$	(0.09)	$	(0.20)	$	(0.94)
Diluted Loss Per Share:
Net loss	$	(2,564)	$	(1,737)	$	(3,860)	$	(18,323)
Weighted average number of common shares		19,671		19,594		19,634		19,580
Incremental shares from assumed conversions of stock options and non-vested shares of restricted stock		—		—		—		—
Adjusted weighted average number of common shares		19,671		19,594		19,634		19,580
Loss per common share	$	(0.13)	$	(0.09)	$	(0.20)	$	(0.94)