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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Thirty-Nine Weeks
Ended |
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September 23,
2012 |
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September 25,
2011 |
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September 23,
2012 |
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September 25,
2011 |
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BASIC
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Numerator:
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Net income
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$ |
790 |
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$ |
1,208 |
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$ |
2,902 |
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$ |
3,147 |
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Less liquidation preference
and preferred return on series X preferred stock
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86 |
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283 |
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577 |
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821 |
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Less undistributied earnings
allocated to participating interest
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171 |
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908 |
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1,594 |
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2,289 |
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Net income available to
common stockholders
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$ |
533 |
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$ |
17 |
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$ |
731 |
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$ |
37 |
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Denominator:
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Weighted-average common
shares outstanding
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10,215,755 |
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203,744 |
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3,539,732 |
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181,117 |
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Basic earnings per common
share
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$ |
0.05 |
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$ |
0.08 |
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$ |
0.21 |
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$ |
0.20 |
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DILUTED
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Numerator:
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Net income
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$ |
790 |
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$ |
1,208 |
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$ |
2,902 |
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$ |
3,147 |
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Less liquidation preference
and preferred return on series X preferred stock
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86 |
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283 |
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577 |
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821 |
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Less undistributed earnings
allocated to participating interest
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10 |
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53 |
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91 |
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130 |
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Net income available to
common and participating stockholders
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$ |
694 |
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$ |
872 |
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$ |
2,234 |
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$ |
2,196 |
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Denominator:
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Weighted-average common
shares outstanding
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10,215,755 |
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203,744 |
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3,539,732 |
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181,117 |
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Dilutive effect of preferred
stock conversion
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3,083,397 |
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10,049,572 |
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7,279,884 |
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10,049,572 |
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Dilutive effect of stock
options
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734,082 |
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626,457 |
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682,254 |
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615,005 |
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Weighted-average of diluted
shares
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14,033,234 |
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10,879,773 |
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11,501,870 |
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10,845,694 |
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Diluted earnings per common
share
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$ |
0.05 |
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$ |
0.08 |
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$ |
0.19 |
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$ |
0.20 |
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