Note 3 - Net Income Per Common Share from Continuing Operations

12 Months Ended

Jun. 29, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 3 – Net Income Per Common Share from Continuing Operations

The following table sets forth the computation of basic and diluted net income per common share from continuing operations:

	Years Ended
	June 29, 2014			June 30, 2013		July 1, 2012
	(in thousands, except per share data)
Numerator:
Net income from continuing operations	$	13,946		$	15,722	$	13,321
Less: Net loss attributable to noncontrolling interest		(697	)		-		-
Income from continuing operations attributable to 1-800-FLOWERS.COM, Inc.	$	14,643		$	15,722	$	13,321
Denominator:
Weighted average shares outstanding		64,035			64,369		64,697
Effect of dilutive securities:
Employee stock options (1)		1,083			786		40
Employee restricted stock awards		1,342			1,637		1,502
		2,425			2,423		1,542
Adjusted weighted-average shares and assumed conversions		66,460			66,792		66,239
Net income per common share from continuing operations attributable to 1-800-FLOWERS.COM, Inc.
Basic	$	0.23		$	0.24	$	0.21
Diluted	$	0.22		$	0.24	$	0.20

Note (1): The effect of options to purchase 1.2 million, 2.0 million and 5.5 million shares for the years ended June 29, 2014, June 30, 2013 and July 1, 2012, respectively, were excluded from the calculation of net income per share on a diluted basis as their effect is anti-dilutive.