Organization and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 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):

		September 30, 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	$	742	$	—	$	650	$	—
Current liabilities held of sale	Level 3		—		—		—		(270)
Noncurrent liabilities held of sale	Level 3		—		—		—		(1,521)
		$	742	$	—	$	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 nine months ended September 30, 2017 is as follows (in thousands):

	Level 3
Balance at December 31, 2016	$	1,791
Earn-out compensation paid to Willamette		(230)
Earn-out compensation paid to Sin In A Tin		(9)
Contingent consideration assumed by OPC in Frozen Fruit Asset Sale		(1,552)
Balance at September 30, 2017	$	—

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

Loss per common share was computed as follows for the fiscal quarters and nine months ended September 30, 2017 and September 24, 2016 (in thousands, except per share data):

	Quarter Ended				Nine Months Ended
	September 30,		September 24,		September 30,		September 24,
	2017		2016		2017		2016
Basic Earnings (Loss) Per Share:
Net loss from continuing operations	$	(5,472)	$	(1,731)	$	(11,653)	$	(4,937)
Net income (loss) from discontinued operations		(19,900)		(833)		(28,775)		1,077
Net loss	$	(25,372)	$	(2,564)	$	(40,428)	$	(3,860)
Weighted average number of common shares		19,790		19,671		19,735		19,634
Loss per common share	$	(1.28)	$	(0.13)	$	(2.05)	$	(0.20)
Diluted Earnings (Loss) Per Share:
Net loss from continuing operations	$	(5,472)	$	(1,731)	$	(11,653)	$	(4,937)
Net income (loss) from discontinued operations		(19,900)		(833)		(28,775)		1,077
Net loss	$	(25,372)	$	(2,564)	$	(40,428)	$	(3,860)
Weighted average number of common shares		19,790		19,671		19,735		19,634
Incremental shares from assumed conversions of stock options and non-vested shares of restricted stock		—		—		—		—
Adjusted weighted average number of common shares		19,790		19,671		19,735		19,634
Loss per common share	$	(1.28)	$	(0.13)	$	(2.05)	$	(0.20)