Net Income (Loss) Per Common Share

3 Months Ended

Jan. 30, 2015

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

NOTE 12 – NET INCOME (LOSS) PER COMMON SHARE

The following table presents the net income (loss) per common share calculations for the three months ended January 30, 2015 and January 24, 2014:

	Three Months Ended
	January 30, 2015		January 24, 2014
Basic
Net income (loss)	$	103,974	$	53,553
Weighted-average common shares outstanding – basic	81,724,627		85,147,728
Net Income (Loss) per Common Share – Basic	$	1.27	$	0.63
Diluted
Net income (loss)	$	103,974	$	53,553
Weighted-average common shares outstanding – basic	81,724,627		85,147,728
Diluted effect of stock options and unvested restricted stock	2,142,252		2,493,576
Equivalent average common shares outstanding – diluted	83,866,879		87,641,304
Net Income (Loss) per Common Share – Diluted	$	1.24	$	0.61

Basic earnings per share are based on the weighted-average number of common shares outstanding during each period. In computing diluted earnings per share, the number of common shares outstanding is increased by common stock options with exercise prices lower than the average market prices of common shares during each period and reduced by the number of shares assumed to have been purchased with proceeds from the exercised options. Potential common shares of 318,359 and 282,551 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three months ended January 30, 2015 and January 24, 2014, respectively, as inclusion of these shares would have been antidilutive.