Earnings Per Share

9 Months Ended

Sep. 29, 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 earnings / (loss) per share (“EPS”) computations. Basic EPS is calculated using the weighted average number of common shares outstanding as the denominator and net earnings as the numerator. Diluted EPS is calculated by adding all potentially dilutive shares to the weighted average number of common shares outstanding for the denominator. All anti-dilutive shares are excluded from the computation of diluted EPS. The calculations below provide net earnings / (loss), weighted average common shares outstanding, and earnings / (loss) per share for both basic and diluted EPS for the three and nine month periods ended September 29, 2013 and September 30, 2012.

($ in thousands, except per share amounts)	Net Earnings / (Loss) (Numerator)			Shares (in thousands) (Denominator)		Per Share Amount
Third Quarter 2013
Basic EPS	$	6,819			33,696		0.20
Effect of dilutive securities:
Equity-based compensation plans		—			635
Diluted EPS	$	6,819			34,331		0.20
Third Quarter 2012
Basic EPS	$	5,917			33,923	$	0.17
Effect of dilutive securities:
Equity-based compensation plans		—			548
Diluted EPS	$	5,917			34,471	$	0.17
First Nine Months of 2013
Basic EPS	$	(948	)		33,603		(0.03	)
Effect of dilutive securities:
Equity-based compensation plans		—			—
Diluted EPS	$	(948	)		33,603		(0.03	)
First Nine Months of 2012
Basic EPS	$	11,501			34,017	$	0.34
Effect of dilutive securities:
Equity-based compensation plans		—			571
Diluted EPS	$	11,501			34,588	$	0.33

The following table shows the potentially dilutive securities which have been excluded from the three and nine-month periods ended September 29, 2013 and September 30, 2012 dilutive earnings per share calculation because they are either anti-dilutive, or the exercise price exceeds the average market price.

	Three Months Ended				Nine Months Ended
(Number of Shares in Thousands)	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
Stock options where the assumed proceeds exceed the average market price		25		387		25		387
Restricted stock units		—		—		609		—