EARNINGS PER SHARE

12 Months Ended

Jan. 01, 2012

EARNINGS PER SHARE

NOTE 13 – EARNINGS PER SHARE

The number of shares outstanding for calculation of earnings per share (EPS) is as follows:

(Shares in thousands)	2011		2010		2009
Weighted-average shares outstanding - basic		29,049		28,917		28,836
Effect of potentially dilutive securities		-		27		-
Weighted-average shares outstanding - diluted		29,049		28,944		28,836

The effects of stock options and nonvested shares on diluted EPS are reflected through the application of the treasury stock method.  Due to the net loss from continuing operations incurred in 2011 and 2009, no outstanding options or nonvested shares were included in the diluted EPS computation because they would automatically result in anti-dilution.  Outstanding options to purchase 2,830,645 were not included in the computation of diluted EPS for 2010 because the exercise price of the options was greater than the average market price of the shares at the end of the period; therefore, the effect would be anti-dilutive.