Organization and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jul. 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):

		July 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	$	704	$	—	$	650	$	—
Accrued liabilities	Level 3		—		(263)		—		(270)
Other liabilities	Level 3		—		(1,291)		—		(1,521)
		$	704	$	(1,554)	$	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 six months ended July 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		(7)
Balance at July 1, 2017	$	1,554

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

Loss per common share was computed as follows for the fiscal quarters and six months ended July 1, 2017 and June 25, 2016 (in thousands, except per share data):

	Quarter Ended				Six Months Ended
	July 1,		June 25,		July 1,		June 25,
	2017		2016		2017		2016
Basic Earnings (Loss) Per Share:
Net income (loss) from continuing operations	$	(992)	$	61	$	(2,198)	$	138
Net income (loss) from discontinued operations		75		(339)		(12,858)		(1,434)
Net loss	$	(917)	$	(278)	$	(15,056)	$	(1,296)
Weighted average number of common shares		19,741		19,628		19,708		19,616
Loss per common share	$	(0.05)	$	(0.01)	$	(0.77)	$	(0.07)
Diluted Earnings (Loss) Per Share:
Net income (loss) from continuing operations	$	(992)	$	61	$	(2,198)	$	138
Net income (loss) from discontinued operations		75		(339)		(12,858)		(1,434)
Net loss	$	(917)	$	(278)	$	(15,056)	$	(1,296)
Weighted average number of common shares		19,741		19,628		19,708		19,616
Incremental shares from assumed conversions of stock options and non-vested shares of restricted stock		—		274		—		265
Adjusted weighted average number of common shares		19,741		19,902		19,708		19,881
Loss per common share	$	(0.05)	$	(0.01)	$	(0.77)	$	(0.07)