Note 2 - Loss Per Share

3 Months Ended

Aug. 30, 2016

Notes to Financial Statements

Earnings Per Share [Text Block]

2.

Loss Per Share

Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during each period presented. Diluted earnings per share gives effect to stock options and restricted stock outstanding during the applicable periods, except during loss 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
	August 30, 2016			September 1, 2015
Net loss	$	( 39,692	)	$	(4,194	)
Weighted average common shares outstanding		59,790			61,344
Dilutive effect of stock options and restricted stock		–			–
Weighted average common and dilutive potential  common shares outstanding		59,790			61,344
Basic net loss per share	$	(0. 66	)	$	(0.07	)
Diluted net loss per share	$	(0. 66	)	$	(0.07	)

Stock options with an exercise price greater than the average market price of our c

ommon stock and certain options, restricted stock, and restricted stock 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 stock, and restricted stock 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
	August 30, 2016		September 1, 2015
Stock options		2,393		2,813
Restricted stock / Restricted stock units		758		749
Total		3,151		3,562