| 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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Thirty-Nine Weeks Ended |
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September 29, 2013 |
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September 23, 2012 |
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September 29, 2013 |
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September 23, 2012 |
BASIC |
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NUMERATOR: |
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Net income |
$ |
2,816 |
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$ |
790 |
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$ |
8,617 |
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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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86 |
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— |
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577 |
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Less: undistributed earnings allocated to participating interest |
— |
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171 |
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— |
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1,594 |
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Net income available to common stockholders |
$ |
2,816 |
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$ |
533 |
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$ |
8,617 |
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$ |
731 |
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DENOMINATOR: |
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Weighted-average common shares outstanding |
16,344,454 |
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10,215,755 |
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16,241,661 |
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3,539,732 |
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Basic net income per common share |
$ |
0.17 |
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$ |
0.05 |
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$ |
0.53 |
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$ |
0.21 |
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DILUTED |
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NUMERATOR: |
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Net income |
$ |
2,816 |
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$ |
790 |
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$ |
8,617 |
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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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86 |
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— |
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577 |
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Less: undistributed earnings allocated to participating interest |
— |
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10 |
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— |
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91 |
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Net income available to common and participating stockholders |
$ |
2,816 |
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$ |
694 |
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$ |
8,617 |
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$ |
2,234 |
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DENOMINATOR: |
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Weighted-average common shares outstanding |
16,344,454 |
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10,215,755 |
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16,241,661 |
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3,539,732 |
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Dilutive effect of preferred stock conversion |
— |
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3,083,397 |
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— |
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7,279,884 |
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Dilutive effect of stock options |
368,164 |
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734,082 |
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416,924 |
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682,254 |
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Weighted-average of diluted shares |
16,712,618 |
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14,033,234 |
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16,658,585 |
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11,501,870 |
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Diluted net income per common share |
$ |
0.17 |
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$ |
0.05 |
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$ |
0.52 |
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$ |
0.19 |
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