Note 2 - Net Loss Per Common Share from Continuing Operations

6 Months Ended

Dec. 28, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 2 – 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:

	Three Months Ended						Six Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
		(in thousands, except per share data)
Numerator:
Net income from continuing operations	$	45,540		$	17,483		$	40,962		$	12,926
Less: Net loss attributable to noncontrolling interest		(231	)		(41	)		(559	)		(41	)
Income from continuing operations attributable to 1-800-FLOWERS.COM, Inc.	$	45,771		$	17,524		$	41,521		$	12,967
Denominator:
Weighted average shares outstanding		64,443			64,016			64,195			63,907
Effect of dilutive securities:
Employee stock options (1)		1,534			990			1,373			1,103
Employee restricted stock awards		1,084			1,089			1,073			1,373
		2,618			2,079			2,446			2,476
Adjusted weighted-average shares and assumed conversions		67,061			66,095			66,641			66,383
Net income per common share from continuing operations attributable to 1-800-FLOWERS.COM, Inc.
Basic	$	0.71		$	0.27		$	0.65		$	0.20
Diluted	$	0.68		$	0.27		$	0.62		$	0.20

Note (1):  The effect of options to purchase 0.3 million and 0.6 million shares for the three and six months ended December 28, 2014 and 1.2 million and 1.3 million shares for the three and six months ended December 29, 2013, respectively, were excluded from the calculation of net income per share on a diluted basis as their effect is anti-dilutive.