Organization and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Apr. 01, 2017

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):

		April 1, 2017				December 31, 2016
		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		671	$	—	$	650	$	—
Accrued liabilities	Level 3		—		(266)		—		(270)
Other liabilities	Level 3		—		(1,291)		—		(1,521)
		$	671	$	(1,557)	$	650	$	(1,791)

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 fiscal quarter ended April 1, 2017 is as follows (in thousands):

	Level 3
Balance at December 31, 2016	$	1,791
Earn-out compensation paid to Willamette Valley Fruit Company		(230)
Earn-out compensation paid to Sin In A Tin		(4)
Balance at April 1, 2017	$	1,557

Schedules of basic and diluted earnings (loss) per common share

Loss per common share was computed as follows for the fiscal quarters ended April 1, 2017 and March 26, 2016 (in thousands, except per share data):

	Quarter Ended
	April 1,		March 26,
	2017		2016
Basic Earnings (Loss) Per Share:
Net income (loss) from continuing operations	$	(1,206)	$	77
Net loss from discontinued operations		(12,933)		(1,095)
Net loss	$	(14,139)	$	(1,018)
Weighted average number of common shares		19,675		19,603
Loss per common share	$	(0.72)	$	(0.05)
Diluted Earnings (Loss) Per Share:
Net income (loss) from continuing operations	$	(1,206)	$	77
Net loss from discontinued operations		(12,933)		(1,095)
Net loss	$	(14,139)	$	(1,018)
Weighted average number of common shares		19,675		19,603
Incremental shares from assumed conversions of stock options and non-vested shares of restricted stock		—		256
Adjusted weighted average number of common shares		19,675		19,859
Loss per common share	$	(0.72)	$	(0.05)