Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

NOTE J –Earnings Per Share

The table below provides a reconciliation of the numerator and denominator of the basic and diluted (loss) / earnings per share (“EPS”) computations. Basic (loss) / earnings per share is calculated using the weighted average number of common shares outstanding as the denominator and net earnings as the numerator. Diluted (loss) / earnings per share is calculated by adding all potentially dilutive shares to the weighted average number of common shares outstanding for the numerator. All anti-dilutive shares are excluded from the computation of diluted earnings per share. The calculations below provide net (loss) / earnings, weighted average common shares outstanding, and (loss) / earnings per share for both basic and diluted EPS for the three and six month periods ended June 30, 2013 and July 1, 2012.

($ in thousands, except per share amounts)	Net (Loss) / Earnings (Numerator)			Shares (in thousands) (Denominator)		Per Share Amount
Second Quarter 2013
Basic EPS	$	(11,335	)		33,589		(0.34	)
Effect of dilutive securities:
Equity-based compensation plans		—			—
Diluted EPS	$	(11,335	)		33,589		(0.34	)
Second Quarter 2012
Basic EPS	$	3,301			34,022	$	0.10
Effect of dilutive securities:
Equity-based compensation plans		—			552
Diluted EPS	$	3,301			34,574	$	0.10
First Six Months of 2013
Basic EPS	$	(7,767	)		33,556		(0.23	)
Effect of dilutive securities:
Equity-based compensation plans		—			—
Diluted EPS	$	(7,767	)		33,556		(0.23	)
First Six Months of 2012
Basic EPS	$	5,584			34,064	$	0.16
Effect of dilutive securities:
Equity-based compensation plans		—			583
Diluted EPS	$	5,584			34,647	$	0.16

The following table shows the potentially dilutive securities which have been excluded from the three and six-month periods 2013 and 2012 dilutive earnings per share calculation because they are either anti-dilutive, or the exercise price exceeds the average market price.

	Three Months Ended				Six Months Ended
(Number of Shares in Thousands)	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
Stock options where the assumed proceeds exceed the average market price		181		282		181		282
Restricted stock units		1,203		—		1,203		—