XML 16 R12.htm IDEA: XBRL DOCUMENT  v2.3.0.11
NET INCOME PER SHARE
 6 Months Ended
May 29, 2011
Notes to Financial Statements [Abstract]  
Earnings Per Share [Text Block]
NET INCOME/(LOSS) PER SHARE
 
Basic and diluted net income/(loss) per share are computed using the two-class method which allocates earnings to both Common Stock and participating securities. Under the two-class method, unvested restricted Common Stock with non-forfeitable rights to dividends are considered participating securities. Dividends from such participating securities are excluded from net income/(loss) allocated to Common Stock for purposes of the two-class method calculation.


Basic shares are computed on the basis of the weighted-average number of shares of Common Stock outstanding during the periods presented. Diluted shares are computed on the basis of the weighted-average number of shares of Common Stock outstanding plus the effect of outstanding stock options and restricted stock using the treasury stock method.  Total shares of 35,602 and 79,847 shares, related to stock options and restricted stock, are excluded from the below calculation for the quarter and six months ended May 29, 2011, respectively, as inclusion would be anti-dilutive. Total shares of 19,286 shares, related to stock options and restricted stock, are excluded from the below calculation for the quarter and six months ended May 30, 2010, respectively, as inclusion would be anti-dilutive.


Following is a reconciliation of net income/(loss) allocated to Common Stock, using the two-class method, and the weighted-average number of shares used in the computation of basic and diluted net income/(loss) per share allocated to Common Stock:
 
 
Three Months Ended
 
Six Months Ended
(In thousands, except per share data)
 
May 29,

2011
 
May 30,

2010
 
May 29,

2011
 
May 30,

2010
Numerator for income/(loss) per share:
 
 
 
 
 
 
 
 
Net income/(loss)
 
$
989


 
$
9,549


 
$
(3,340
)
 
$
10,632


Less: income allocated to participating securities
 
(6
)
 
(45
)
 
(19
)
 
(50
)
Net income/(loss) allocated to Common Stock
 
983


 
9,504


 
(3,359
)
 
10,582


 
 
 
 
 
 
 
 
 
Denominator for basic income/(loss) per share:
 
 
 
 
 
 
 
 
Weighted-average shares outstanding, basic
 
9,056,284


 
9,205,970


 
9,127,807


 
9,191,676


 
 
 
 
 
 
 
 
 
Denominator for diluted income/(loss) per share:
 
 
 
 
 
 
 
 
Weighted-average shares outstanding, basic
 
9,056,284


 
9,205,970


 
9,127,807


 
9,191,676


Dilutive effect of stock options and restricted stock
 
9,923


 
12,264


 
—


 
17,453


Weighted-average shares outstanding, diluted
 
9,066,207


 
9,218,234


 
9,127,807


 
9,209,129


 
 
 
 
 
 
 
 
 
Net income/(loss) per share allocated to Common Stock
 
 
 
 
 
 
 
 
Basic
 
$
.11


 
$
1.03


 
$
(.37
)
 
$
1.15


 
 
 
 
 
 
 
 
 
Diluted
 
$
.11


 
$
1.03


 
$
(.37
)
 
$
1.15