Note 2 - Loss Per Share

6 Months Ended

Dec. 01, 2015

NOTE 2 –

LOSS PER SHARE

Loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during each period presented. Diluted loss per share does not give effect to stock options and restricted stock outstanding during the applicable periods as the effect would be anti-dilutive. The following table reflects the calculation of weighted average common and dilutive potential common shares outstanding as presented in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss (in thousands, except per share data):

	Thirteen weeks ended						Twenty-six weeks ended
	December 1, 2015			December 2, 2014			December 1, 2015			December 2, 2014
Net loss	$	(15,799	)	$	(9,273	)	$	(19,993	)	$	(6,708	)

Weighted-average common shares outstanding		61,455			60,534			61,400			60,476
Dilutive effect of stock options and restricted stock		-			-			-			-
Weighted average common and dilutive potential common shares outstanding		61,455			60,534			61,400			60,476

Basic loss per share	$	(0.26	)	$	(0.15	)	$	(0.33	)	$	(0.11	)
Diluted loss per share	$	(0.26	)	$	(0.15	)	$	(0.33	)	$	(0.11	)

Stock options with an exercise price greater than the average market price of our common stock and certain options, restricted stock, and restricted share units with unrecognized compensation expense do not impact the computation of diluted loss per share because the effect would be anti-dilutive. The following table summarizes on a weighted-average basis stock options, restricted shares, and restricted share units that were excluded from the computation of diluted loss per share because their inclusion would have had an anti-dilutive effect (in thousands):

	Thirteen weeks ended				Twenty-six weeks ended
	December 1, 2015		December 2, 2014		December 1, 2015		December 2, 2014
Stock options		2,574		3,301		2,694		3,102
Restricted shares / Restricted share units		964		1,468		857		1,319
Total		3,538		4,769		3,551		4,421