Computation Of Basic And Diluted Earnings Per Share |
The computation of basic and diluted
earnings per share is as follows:
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YEAR ENDED |
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THIRTY-NINE WEEKS
ENDED |
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DECEMBER 27,
2009 |
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DECEMBER 26,
2010 |
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DECEMBER 25,
2011 |
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SEPTEMBER 25,
2011 |
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SEPTEMBER 23,
2012 |
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(unaudited) |
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(unaudited) |
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BASIC:
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Numerator:
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Net Income
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$ |
2,653 |
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$ |
3,291 |
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$ |
3,464 |
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$ |
3,147 |
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$ |
2,902 |
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Less liquidation preference and
preferred return on series X preferred stock
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— |
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5,617 |
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1,121 |
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821 |
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577 |
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Less undistributed earnings allocated
to participating interests
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2,620 |
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— |
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2,302 |
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2,289 |
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1,594 |
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Net income (loss) available to common
stockholders
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$ |
33 |
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$ |
(2,326 |
) |
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$ |
41 |
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$ |
37 |
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$ |
731 |
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Denominator:
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Weighted-average common shares
outstanding
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126,218 |
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135,392 |
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191,166 |
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181,117 |
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3,539,732 |
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Basic earnings (loss) per common
share
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$ |
0.26 |
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$ |
(17.18 |
) |
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$ |
0.21 |
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$ |
0.20 |
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$ |
0.21 |
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DILUTED
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Numerator:
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Net income attributed to common
stockholders
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$ |
2,653 |
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$ |
3,291 |
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$ |
3,464 |
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$ |
3,147 |
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$ |
2,902 |
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Less liquidation preference and
preferred return on series X preferred stock
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— |
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5,617 |
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1,121 |
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821 |
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577 |
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Less undistributed earnings allocated
to participating interests
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— |
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— |
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131 |
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130 |
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91 |
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Net income (loss) available to common
and participating stockholders
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$ |
2,653 |
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$ |
(2,326 |
) |
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$ |
2,212 |
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$ |
2,196 |
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$ |
2,234 |
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Denominator:
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Weighted-average common shares
outstanding
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126,218 |
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135,392 |
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191,166 |
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181,117 |
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3,539,732 |
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Dilutive effect of preferred stock
conversion
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10,049,572 |
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— |
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10,049,572 |
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10,049,572 |
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7,279,884 |
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Dilutive effect of stock
options
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462,724 |
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— |
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611,913 |
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615,005 |
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682,254 |
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Weighted-average of diluted
shares
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10,638,514 |
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135,392 |
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10,852,651 |
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10,845,694 |
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11,501,870 |
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Diluted earnings (loss) per common
share
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$ |
0.25 |
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$ |
(17.18 |
) |
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$ |
0.20 |
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$ |
0.20 |
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$ |
0.19 |
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