XML 21 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loss Per Share
6 Months Ended
Sep. 01, 2018
Earnings Per Share [Abstract]  
Loss Per Share

NOTE 1 – LOSS PER SHARE

Basic loss per share amounts were determined by dividing net loss by the weighted average number of common shares outstanding for the period. Outstanding stock options and shares of unvested restricted stock totaling 2,662,000 and 1,970,000 were excluded from the computation of diluted loss per share for the 13 and 26 weeks ended September 1, 2018, respectively, as the effect would be antidilutive. Outstanding stock options and shares of unvested restricted stock totaling 1,781,000 and 1,782,000 were excluded from the computation of diluted loss per share for the 13 and 26 weeks ended August 26, 2017, respectively, as the effect would be antidilutive. Loss per share amounts were calculated as follows (in thousands except per share amounts):

 

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

 

 

September 1,

 

 

August 26,

 

 

September 1,

 

 

August 26,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net loss

 

$

(51,088

)

 

$

(7,823

)

 

$

(79,591

)

 

$

(10,809

)

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

80,554

 

 

 

80,350

 

 

 

80,371

 

 

 

80,715

 

Effect of dilutive stock options

 

 

 

 

 

 

 

 

 

 

 

 

Effect of dilutive restricted stock

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

80,554

 

 

 

80,350

 

 

 

80,371

 

 

 

80,715

 

Loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.63

)

 

$

(0.10

)

 

$

(0.99

)

 

$

(0.13

)

Diluted

 

$

(0.63

)

 

$

(0.10

)

 

$

(0.99

)

 

$

(0.13

)