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Earnings (Loss) Per Share
 9 Months Ended
Sep. 26, 2015
Earnings Per Share, Basic and Diluted [Abstract]  
Earnings (Loss) Per Share
EARNINGS (LOSS) PER SHARE

Earnings (Loss) Per Share

The Company's unvested stock awards that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, are considered participating securities and are included in the computation of earnings per share. The accounting guidance requires additional disclosure of EPS for common stock and unvested share-based payment awards, separately disclosing distributed and undistributed earnings.  Undistributed earnings represent earnings that were available for distribution but were not distributed.  Common stock and unvested share-based payment awards earn dividends equally.  All earnings were undistributed in all periods presented.

The following table sets forth the computation of basic and diluted earnings (loss) per share from continuing operations:
 
Three Months Ended
 
Nine Months Ended
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
Basic earnings (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
84

 
$
(8
)
 
$
(1,780
)
 
$
4,303

Less: Allocation of earnings to participating securities
(2
)
 
—

 
—

 
(197
)
Income (loss) from continuing operations available to common shareholders - basic
$
82

 
$
(8
)
 
$
(1,780
)
 
$
4,106

Basic weighted-average shares outstanding (1)
15,573

 
15,394

 
15,518

 
14,040

Basic earnings (loss) per share - continuing operations
$
0.01

 
$
(0.00
)
 
$
(0.11
)
 
$
0.29

 
 
 
 
 
 
 
 
Diluted earnings (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations available to common shareholders - basic
$
82

 
$
(8
)
 
$
(1,780
)
 
$
4,106

Add: Undistributed earnings reallocated to unvested shareholders
—

 
—

 
—

 
3

Income (loss) from continuing operations available to common shareholders - basic
$
82

 
$
(8
)
 
$
(1,780
)
 
$
4,109

Basic weighted-average shares outstanding (1)
15,573

 
15,394

 
15,518

 
14,040

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options (2)
37

 
—

 
—

 
111

Directors' stock performance units (2)
56

 
—

 
—

 
65

Diluted weighted-average shares outstanding (1)(2)
15,666

 
15,394

 
15,518

 
14,216

Diluted earnings (loss) per share - continuing operations
$
0.01

 
$
(0.00
)
 
$
(0.11
)
 
$
0.29



(1)
Includes Common and Class B Common shares, in thousands.
(2)
Because their effects are anti-dilutive, shares issuable under stock option plans where the exercise price is greater than the average market price of the Company's Common Stock during the relevant period and directors' stock performance units have been excluded. Aggregate shares excluded for the three and nine months ended September 26, 2015 were 220 and 308, respectively, and for the three and nine months ending September 27, 2014 were 552 and 432, respectively.