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Earnings Per Share
 9 Months Ended
Sep. 23, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

The following data shows the amounts used in computing earnings per share and the effect on net earnings from continuing operations attributable to Checkpoint Systems, Inc. and the weighted-average number of shares of dilutive potential common stock:
 
Quarter
 
Nine Months
 
(13 weeks) Ended
 
(39 weeks) Ended
(amounts in thousands, except per share data)
September 23,
2012

 
September 25,
2011

 
September 23,
2012

 
September 25,
2011

 
 
 
(As Revised)

 
 
 
(As Revised)

Basic loss from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders
$
(4,167
)
 
$
(47,593
)
 
$
(107,689
)
 
$
(45,641
)
Diluted loss from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders
$
(4,167
)
 
$
(47,593
)
 
$
(107,689
)
 
$
(45,641
)
 
 
 
 
 
 
 
 
Shares:
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding
40,521

 
40,134

 
40,415

 
40,038

Shares issuable under deferred compensation agreements
546

 
471

 
531

 
455

Basic weighted-average number of common shares outstanding
41,067

 
40,605

 
40,946

 
40,493

Common shares assumed upon exercise of stock options and awards
—

 
—

 
—

 
—

Shares issuable under deferred compensation arrangements
—

 
—

 
—

 
—

Dilutive weighted-average number of common shares outstanding
41,067

 
40,605

 
40,946

 
40,493

 
 
 
 
 
 
 
 
Basic loss attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
 
 
Loss from continuing operations
$
(0.10
)
 
$
(1.17
)
 
$
(2.63
)
 
$
(1.13
)
Loss from discontinued operations, net of tax
(0.03
)
 
(0.03
)
 
(0.07
)
 
(0.04
)
Basic loss attributable to Checkpoint Systems, Inc. per share
$
(0.13
)
 
$
(1.20
)
 
$
(2.70
)
 
$
(1.17
)
 
 
 
 
 
 
 
 
Diluted loss attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
 
 
Loss from continuing operations
$
(0.10
)
 
$
(1.17
)
 
$
(2.63
)
 
$
(1.13
)
Loss from discontinued operations, net of tax
(0.03
)
 
(0.03
)
 
(0.07
)
 
(0.04
)
Diluted loss attributable to Checkpoint Systems, Inc. per share
$
(0.13
)
 
$
(1.20
)
 
$
(2.70
)
 
$
(1.17
)


Anti-dilutive potential common shares are not included in our earnings per share calculation. The Long-term Incentive Plan restricted stock units were excluded from our calculation due to the performance of vesting criteria not being met.

The number of anti-dilutive common share equivalents for the three and nine month periods ended September 23, 2012 and September 25, 2011 were as follows:
 
Quarter
 
Nine Months
 
(13 weeks) Ended
 
(39 weeks) Ended
(amounts in thousands)
September 23,
2012

 
September 25,
2011

 
September 23,
2012

 
September 25,
2011

Weighted-average common share equivalents associated with anti-dilutive stock options and restricted stock units excluded from the computation of diluted EPS(1)
3,296

 
2,601

 
3,068

 
2,250


(1) 
Adjustments for stock options and awards of 15 shares and 64 shares, respectively were anti-dilutive in the three and nine months ended 2012. Adjustments for stock options and awards of 227 shares and 384 shares, respectively, and deferred compensation arrangements of 6 shares and 5 shares, respectively, were anti-dilutive in the three and nine months ended 2011. These shares were therefore excluded from the earnings per share calculation due to our net loss for the periods.