| Summary of the valuation assets and liabilities measured at fair value on a recurring basis |
The following table summarizes the valuation of our assets and liabilities measured at fair value on a recurring basis (in thousands) at the respective dates set forth below:
|
|
|
|
|
December 27, 2014
|
|
December 28, 2013
|
|
|
Balance Sheet Classification
|
|
|
|
Interest Rate
Swaps
|
|
Non-qualified
Deferred
Compensation
Plan
Investments
|
|
Earn-out
Contingent
Consideration
Obligation
|
|
Interest Rate
Swaps
|
|
Non-qualified
Deferred
Compensation
Plan
Investments
|
|
Earn-out
Contingent
Consideration
Obligation
|
|
|
Other assets
|
|
Level 1
|
|
$
|
—
|
|
$
|
697
|
|
$
|
—
|
|
$
|
—
|
|
$
|
579
|
|
$
|
—
|
|
|
Interest rate swaps
|
|
Level 2
|
|
(349
|
)
|
—
|
|
—
|
|
(526
|
)
|
—
|
|
—
|
|
|
Accrued liabilities
|
|
Level 3
|
|
—
|
|
—
|
|
(246
|
)
|
—
|
|
—
|
|
—
|
|
|
Other liabilities
|
|
Level 3
|
|
—
|
|
—
|
|
(1,602
|
)
|
—
|
|
—
|
|
(5,053
|
)
|
|
|
|
|
|
$
|
(349
|
)
|
$
|
697
|
|
$
|
(1,848
|
)
|
$
|
(526
|
)
|
$
|
579
|
|
$
|
(5,053
|
)
|
|
| Summary of the activity of the fair value of the measurements using unobservable inputs (Level 3 Liabilities) |
A summary of the activity of the fair value of the measurements using unobservable inputs (Level 3 Liabilities) for the year ended December 27, 2014, is as follows (in thousands):
|
|
|
Level 3
|
|
|
Balance at December 28, 2013
|
|
$
|
5,053
|
|
|
Earn-out compensation paid to Willamette Valley Fruit Company
|
|
(450
|
)
|
|
Fresh Frozen Foods earn-out revaluation
|
|
(2,653
|
)
|
|
Willamette Valley Fruit Company earn-out revaluation
|
|
(345
|
)
|
|
Earn-out from Sin In A Tin purchase accounting
|
|
243
|
|
|
Balance at December 27, 2014
|
|
$
|
1,848
|
|
|
| Schedule of earnings per common share |
Earnings per common share was computed as follows for the years ended December 27, 2014, December 28, 2013 and December 29, 2012 (in thousands, except per share data):
|
|
|
December 27,
2014
|
|
December 28,
2013
|
|
December 29,
2012
|
|
|
Basic Earnings Per Share:
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
10,561
|
|
$
|
6,618
|
|
$
|
7,449
|
|
|
Weighted average number of common shares
|
|
19,500
|
|
19,360
|
|
18,821
|
|
|
Earnings per common share
|
|
$
|
0.54
|
|
$
|
0.34
|
|
$
|
0.40
|
|
|
|
|
|
|
|
|
|
|
|
Diluted Earnings Per Share:
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
10,561
|
|
$
|
6,618
|
|
$
|
7,449
|
|
|
Weighted average number of common shares
|
|
19,500
|
|
19,360
|
|
18,821
|
|
|
Incremental shares from assumed conversions of stock options and non-vested shares of restricted stock
|
|
490
|
|
429
|
|
753
|
|
|
Adjusted weighted average number of common shares
|
|
19,990
|
|
19,789
|
|
19,574
|
|
|
Earnings per common share
|
|
$
|
0.53
|
|
$
|
0.33
|
|
$
|
0.38
|
|
|