Note 6. Earnings Per Share

9 Months Ended

Sep. 23, 2012

Earnings Per Share [Text Block]

6.            The following table sets forth the computation of basic and diluted earnings per share.  There were approximately 4.6 million shares and 2.1 million shares (representing the weighted-average of common stock warrants issued to Berkshire Hathaway) that were not included in the computation of diluted EPS for the third quarter and first nine months of 2012, respectively, because to do so would have been anti-dilutive for the periods presented.  As disclosed previously, Berkshire Hathaway exercised warrants to purchase 4.6 million shares of common stock on September 24, 2012.  Additionally, there were approximately 0 shares and 12,000 shares (representing the weighted-average of outstanding stock options) that were not included in the computation of diluted EPS for the third quarter and first nine months of 2011, respectively, because to do so would have been anti-dilutive for the periods presented.

(In thousands, except per share amounts)	Three Months  Ended Sept. 23, 2012			Three Months  Ended Sept. 25, 2011
Numerator for basic and diluted earnings per share:
Loss from continuing operations available to common stockholders	$	(18,401	)	$	(11,879	)
Denominator for basic and diluted earnings per share:
Weighted average shares outstanding		22,593			22,517
Loss from continuing operations per common share (basic and diluted)	$	(0.81	)	$	(0.53	)

(In thousands, except per share amounts)	Nine Months  Ended Sept. 23, 2012			Nine Months  Ended Sept. 25, 2011
Numerator for basic and diluted earnings per share:
Loss from continuing operations available to common stockholders	$	(57,874	)	$	(44,972	)
Denominator for basic and diluted earnings per share:
Weighted average shares outstanding		22,570			22,469
Loss from continuing operations per common share (basic and diluted)	$	(2.56	)	$	(2.00	)