Note 2 - Net Income (Loss) Per Common Share from Continuing Operations

9 Months Ended

Mar. 29, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 2 – Net Income (Loss) Per Common Share from Continuing Operations

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

	Three Months Ended						Nine Months Ended
	March 29, 2015			March 30, 2014			March 29, 2015			March 30, 2014
		(in thousands, except per share data)
Numerator:
Net income (loss) from continuing operations	$	(10,813	)	$	(1,738	)	$	30,149		$	11,189
Less: Net loss attributable to noncontrolling interest		(318	)		(300	)		(877	)		(341	)
Income (loss) from continuing operations attributable to1-800-FLOWERS.COM, Inc.	$	(10,495	)	$	(1,438	)	$	31,026		$	11,530
Denominator:
Weighted average shares outstanding		64,909			64,214			64,433			64,010
Effect of dilutive securities (2):
Employee stock options (1)		-			-			1,507			1,075
Employee restricted stock awards		-			-			1,194			1,344
		-			-			2,701			2,419
Adjusted weighted-average shares and assumed conversions		64,909			64,214			67,134			66,429
Net income (loss) per common share from continuing operations attributable to 1-800-FLOWERS.COM, Inc.
Basic	$	(0.16	)	$	(0.02	)	$	0.48		$	0.18
Diluted	$	(0.16	)	$	(0.02	)	$	0.46		$	0.17

Note (1):    The effect of options to purchase 0.1 million and 0.3 million shares for the three and nine months ended March 29, 2015 and 1.2 million shares for the three and nine months ended March 30, 2014, respectively, were excluded from the calculation of net income (loss) per share on a diluted basis as their effect is anti-dilutive.

Note (2)      As a result of the net loss from continuing operations attributable to 1-800-FLOWERS.COM, Inc. for the three months ended March 29, 2015 and March 30, 2014, there is no dilutive impact to the net loss per share calculation for the respective periods.