Computation Of Basic And Diluted Earnings per Share |
The computation of basic and diluted
earnings per share is as follows:
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Thirteen Weeks Ended |
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Twenty-Six Weeks Ended |
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June 24, 2012 |
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June 26, 2011 |
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June 24, 2012 |
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June 26, 2011 |
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BASIC
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Numerator:
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Net income
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$ |
1,731 |
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$ |
674 |
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$ |
2,111 |
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$ |
1,938 |
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Less liquidation preference and
preferred return on series X preferred stock
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234 |
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256 |
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491 |
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518 |
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Less undistributed earnings allocated
to participating interest
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1,466 |
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410 |
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1,588 |
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1,397 |
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Net income available to common
stockholders
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$ |
31 |
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$ |
8 |
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$ |
32 |
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$ |
23 |
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Denominator:
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Weighted-average common shares
outstanding
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194,766 |
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173,456 |
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201,634 |
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176,111 |
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Basic earnings per common
share
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$ |
0.16 |
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$ |
0.05 |
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$ |
0.16 |
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$ |
0.13 |
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DILUTED
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Numerator:
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Net income
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$ |
1,731 |
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$ |
674 |
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$ |
2,111 |
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$ |
1,938 |
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Less liquidation preference and
preferred return on series X preferred stock
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234 |
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256 |
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491 |
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518 |
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Less undistributed earnings allocated
to participating interest
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84 |
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22 |
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91 |
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80 |
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Net income available to common and
participating stockholders
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$ |
1,413 |
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$ |
396 |
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$ |
1,529 |
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$ |
1,340 |
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Denominator:
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Weighted-average common shares
outstanding
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194,766 |
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173,456 |
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201,634 |
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176,111 |
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Dilutive effect of preferred stock
conversion
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8,689,686 |
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10,049,572 |
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9,369,629 |
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10,049,572 |
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Dilutive effect of stock
options
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653,641 |
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617,273 |
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648,515 |
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596,177 |
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Weighted-average of diluted
shares
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9,538,093 |
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10,840,301 |
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10,219,778 |
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10,821,860 |
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Diluted earnings per common
share
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$ |
0.15 |
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$ |
0.04 |
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$ |
0.15 |
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$ |
0.12 |
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