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Earnings Per Share
6 Months Ended
Aug. 27, 2011
Earnings Per Share  
Earnings Per Share
4. Earnings per Share

The following table presents a reconciliation of the denominators used in the computation of basic and diluted earnings per share.

 

     Three months ended      Six months ended  

(In thousands, except per share data)

   Aug. 27,
2011
    Aug. 28,
2010
     Aug. 27,
2011
    Aug. 28,
2010
 

Basic earnings per share – weighted common shares outstanding

     27,796        27,602         27,829        27,620   
  

 

 

   

 

 

    

 

 

   

 

 

 

Diluted earnings per share – weighted common shares and potential common shares outstanding

     27,796        27,602         27,829        27,620   
  

 

 

   

 

 

    

 

 

   

 

 

 

Loss per share – basic

   $ (0.06   $ —         $ (0.14   $ (0.13

Loss per share – diluted

     (0.06     —           (0.14     (0.13
  

 

 

   

 

 

    

 

 

   

 

 

 

Stock options excluded from the calculation of earnings per share because the exercise price was greater than the average market price of the common shares

     1,349        1,375         1,248        1,182   
  

 

 

   

 

 

    

 

 

   

 

 

 

Due to the net loss, there was no dilutive impact from unvested shares in the second quarter or six-month period of fiscal 2012 or 2011.