EARNINGS PER SHARE

3 Months Ended

Apr. 01, 2012

EARNINGS PER SHARE

NOTE 4 – EARNINGS PER SHARE

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

	13 Weeks Ended
	April 1,		April 3,
(Shares in thousands)	2012		2011
Weighted average shares outstanding - basic		29,117		28,976
Effect of potentially dilutive securities		-		21
Weighted average shares outstanding - diluted		29,117		28,997

Due to the net loss for the 13-week period ended April 1, 2012, no outstanding options or unvested shares were included in the diluted EPS calculation because they would automatically result in anti-dilution.  No outstanding options were included in the computation of diluted EPS for the 13-week period ending April 3, 2011 because the exercise price of the options was greater than the average market price at the end of the period; therefore, the effect would be anti-dilutive.