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Income Per Share
 9 Months Ended
Sep. 27, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Income Per Share

In accordance with U.S. GAAP, basic net income per share is computed by dividing net income by the weighted average number of common shares outstanding during the period.  Diluted income per share includes the dilutive effect of outstanding stock options calculated using the treasury stock method.

The computation of diluted income per share does not include stock option awards that were outstanding and anti-dilutive (i.e., including such awards would result in higher income per share), since the exercise prices of these awards exceeded the average market price of the company’s common stock during the respective periods.  For the thirteen and thirty-nine week periods ended September 27, 2015 there were 0.2 million and 0.2 million shares issuable under outstanding stock options excluded from the computations, respectively. For the thirteen and thirty-nine week periods ended September 28, 2014, there were 2.0 million and 0.9 million shares issuable under outstanding stock options excluded from the computations, respectively.  In addition, the performance shares discussed in Note 18 - Stock Based Compensation, are not included in the diluted income per share because the performance metrics had not been met as of September 27, 2015. Summarized below are the calculations of basic and diluted income per share.
(In thousands, except per share amounts)
Thirteen Weeks Ended
 
Thirty-nine Weeks Ended
 
September 27,
2015
 
September 28,
2014
 
September 27,
2015
 
September 28,
2014
Basic Income (Loss) Per Share:
 
 
 
 
 
 
 
Reported net income (loss)
$
4,946

 
$
(2,419
)
 
$
15,814

 
$
7,442

Basic income (loss) per share
$
0.19

 
$
(0.09
)
 
$
0.59

 
$
0.28

Weighted average shares outstanding - Basic
26,557

 
26,652

 
26,708

 
26,991

 

 

 

 

Diluted Income (Loss) Per Share:

 
 
 

 
 
Reported net income (loss)
$
4,946

 
$
(2,419
)
 
$
15,814

 
$
7,442

Diluted income (loss) per share
$
0.19

 
$
(0.09
)
 
$
0.59

 
$
0.27

Weighted average shares outstanding
26,557

 
26,652

 
26,708

 
26,991

Weighted average dilutive stock options
27

 
—

 
37

 
137

Weighted average shares outstanding - Diluted
26,584

 
26,652

 
26,745

 
27,128