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Earnings Per Share
 9 Months Ended
Sep. 28, 2014
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 28,
2014

 
September 29,
2013

 
September 28,
2014

 
September 29,
2013

 
 
 
(As Restated)

 
 
 
(As Restated)

Basic (loss) earnings from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders
$
(4,075
)
 
$
7,232

 
$
5,650

 
$
3,203

Basic loss from discontinued operations, net of tax expense of $0, $0, $0, and $68
—

 
(100
)
 
—

 
(16,985
)
Diluted (loss) earnings from continuing operations attributable to Checkpoint Systems, Inc. available to common stockholders
(4,075
)
 
7,232

 
5,650

 
3,203

Diluted loss from discontinued operations, net of tax expense of $0, $0, $0 and $68
$
—

 
$
(100
)
 
$
—

 
$
(16,985
)
 
 
 
 
 
 
 
 
Shares:
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding
41,714

 
41,230

 
41,644

 
41,026

Vested shares issuable under deferred compensation agreements
376

 
360

 
361

 
393

Basic weighted-average number of common shares outstanding
42,090

 
41,590

 
42,005

 
41,419

Common shares assumed upon exercise of stock options and awards
—

 
518

 
304

 
318

Unvested shares issuable under deferred compensation arrangements
—

 
22

 
12

 
33

Dilutive weighted-average number of common shares outstanding
42,090

 
42,130

 
42,321

 
41,770

 
 
 
 
 
 
 
 
Basic (loss) earnings attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
 
 
(Loss) earnings from continuing operations
$
(0.10
)
 
$
0.17

 
$
0.13

 
$
0.08

Loss from discontinued operations, net of tax
—

 
—

 
—

 
(0.41
)
Basic (loss) earnings attributable to Checkpoint Systems, Inc. per share
$
(0.10
)
 
$
0.17

 
$
0.13

 
$
(0.33
)
 
 
 
 
 
 
 
 
Diluted (loss) earnings attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
 
 
(Loss) earnings from continuing operations
$
(0.10
)
 
$
0.17

 
$
0.13

 
$
0.08

Loss from discontinued operations, net of tax
—

 
—

 
—

 
(0.41
)
Diluted (loss) earnings attributable to Checkpoint Systems, Inc. per share
$
(0.10
)
 
$
0.17

 
$
0.13

 
$
(0.33
)


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 months ended September 28, 2014 and September 29, 2013 were as follows:
 
Quarter
 
Nine months
 
(13 weeks) Ended
 
(39 weeks) Ended
(amounts in thousands)
September 28,
2014

 
September 29,
2013

 
September 28,
2014

 
September 29,
2013

Weighted-average common share equivalents associated with anti-dilutive stock options and restricted stock units excluded from the computation of diluted EPS(1)
1,839

 
1,729

 
2,017

 
2,052


(1) 
Stock options and awards of 294 shares and deferred compensation arrangements of 14 shares were anti-dilutive in the three months ended September 28, 2014, and were therefore excluded from the earnings per share calculation due to our loss from continuing operations for the period.