Quarterly report pursuant to Section 13 or 15(d)

23. Earnings per Share

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23. Earnings per Share
6 Months Ended
Jun. 30, 2018
Earnings (loss) per share:  
Earnings per Share

Note 23:          Earnings per share

 

Basic income per common share is computed based on the weighted average number of common shares outstanding. Diluted income per common share is computed based on the weighted average number of shares of common stock outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive shares of common stock been issued. Potentially dilutive shares of common stock include unexercised stock options and warrants. Basic per share amounts are computed, generally, by dividing net income attributable to shareholders of the parent by the weighted average number of shares of common stock outstanding. Diluted per share amounts assume the conversion, exercise or issuance of all potential common stock instruments unless their effect is anti-dilutive, thereby reducing the loss or increasing the income per common share.  In calculating diluted weighted average shares and per share amounts, we included stock options and warrants with exercise prices below average market prices, for the respective reporting periods in which they were dilutive, using the treasury stock method. We calculated the number of additional shares by assuming the outstanding stock options were exercised and that the proceeds from such exercises were used to acquire shares of common stock at the average market price during the quarter. For the 13 weeks and 26 weeks ended June 30, 2018 and July 1, 2017, we excluded options and warrants to purchase 695 and 734 shares, respectively, of common stock from the diluted weighted average shares outstanding calculation as the effect of these options were anti-dilutive.

 

    For the Thirteen Weeks Ended     For the Twenty Six Weeks Ended  
    June 30, 2018     July 1, 2017     June 30, 2018     July 1, 2017  
Basic                        
                         
Net income (loss) from continuing operations   $ (1,409 )   $ 1,218     $ (2,884 )   $ 3,483  
Net income (loss) from discontinued operations and loss on sale, net of tax           845             788  
Net income (loss)   $ (1,409 )   $ 2,063     $ (2,884 )   $ 4,271  
                                 
Basic earnings (loss) per share:                                
Basic earnings (loss) per share from continued operations   $ (0.20 )   $ 0.18     $ (0.42 )   $ 0.52  
Basic earnings (loss) per share - discontinued operations and loss on sale, net of tax           0.13             0.12  
Basic earnings (loss) per share   $ (0.20 )   $ 0.31     $ (0.42 )   $ 0.64  
                                 
Weighted average common shares outstanding     6,875       6,655       6,875       6,655  
                                 
Diluted                                
                                 
Diluted earnings (loss) per share:                                
Diluted earnings (loss) per share from continued operations   $ (0.20 )   $ 0.18     $ (0.42 )   $ 0.52  
Diluted earnings (loss) per share - discontinued operations and loss on sale, net of tax           0.13             0.12  
Diluted earnings (loss) per share   $ (0.20 )   $ 0.31     $ (0.42 )   $ 0.64  
                                 
                                 
Weighted average common shares outstanding     6,875       6,655       6,875       6,655  
Add: Common Stock Warrants           32             51  
Assumed diluted weighted average common shares outstanding     6,875       6,687       6,875       6,706