Quarterly report pursuant to Section 13 or 15(d)

23. Earnings per Share

v3.10.0.1
23. Earnings per Share
9 Months Ended
Sep. 29, 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 shares of common stock 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 September 29, 2018 and September 30, 2017, we excluded options and warrants to purchase 528 and 651 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 Thirty Nine Weeks Ended  
    September 29, 2018     September 30, 2017     September 29, 2018     September 30, 2017  
Basic                        
                         
Net income (loss) from continuing operations   $ (1,260 )   $ 682     $ (4,111 )   $ 4,132  
Net income from discontinued operations, net of tax           119             904  
Net income (loss)   $ (1,260 )   $ 801     $ (4,111 )   $ 5,036  
                                 
Basic earnings (loss) per share:                                
Basic earnings (loss) per share from continued operations   $ (0.16 )   $ 0.10     $ (0.58 )   $ 0.62  
Basic earnings per share - discontinued operations, net of tax           0.02             0.14  
Basic earnings (loss) per share   $ (0.16 )   $ 0.12     $ (0.58 )   $ 0.76  
                                 
Weighted average common shares outstanding     7,675       6,655       7,142       6,655  
                                 
Diluted                                
                                 
Diluted earnings (loss) per share:                                
Diluted earnings (loss) per share from continued operations   $ (0.16 )   $ 0.10     $ (0.58 )   $ 0.62  
Diluted earnings per share - discontinued operations, net of tax           0.01             0.13  
Diluted earnings (loss) per share   $ (0.16 )   $ 0.11     $ (0.58 )   $ 0.75  
                                 
                                 
Weighted average common shares outstanding     7,675       6,655       7,142       6,655  
Add: Common Stock Warrants           50             50  
Assumed diluted weighted average common shares outstanding     7,675       6,705       7,142       6,705