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Earnings per Share
 9 Months Ended
Oct. 27, 2012
Earnings per Share [Abstract]  
Earnings per Share
4.              Earnings per Share

Basic earnings per share is computed using the weighted average number of common shares outstanding during the measurement period.  Diluted earnings per share is computed using the weighted average number of common shares as well as all potentially dilutive common share equivalents outstanding during the measurement period.

Under Accounting Standards Codification ("ASC") 260-10, Earnings Per Share, non-vested stock grants that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and are included in the calculation of basic and diluted earnings per share pursuant to the two-class method.  The two-class method determines earnings per share for each class of common stock and participating securities according to dividends or dividend equivalents and their respective participation rights in undistributed earnings.  Earnings per share has been calculated under the two-class method.

The following tables show the computation of basic and diluted earnings per share for each period (in thousands, except per share amounts):
 
 
 
Thirteen Weeks Ended
 
 
Thirty-Nine Weeks Ended
 
 
 
October 27, 2012
 
 
October 29, 2011
 
 
October 27, 2012
 
 
October 29, 2011
 
Basic EPS:
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(8,858
)
 
$
(11,306
)
 
$
2,386
 
 
$
(1,754
)
Less: Allocation of earnings to participating securities
 
 
-
 
 
 
-
 
 
 
(30
)
 
 
-
 
Net income (loss) allocated to common shares
 
 
(8,858
)
 
 
(11,306
)
 
 
2,356
 
 
 
(1,754
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
 
31,558
 
 
 
31,139
 
 
 
31,035
 
 
 
33,885
 
Basic EPS
 
$
(0.28
)
 
$
(0.36
)
 
$
0.08
 
 
$
(0.05
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Thirteen Weeks Ended
 
 
Thirty-Nine Weeks Ended
 
 
 
October 27, 2012
 
 
October 29, 2011
 
 
October 27, 2012
 
 
October 29, 2011
 
Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(8,858
)
 
$
(11,306
)
 
$
2,386
 
 
$
(1,754
)
Less: Allocation of earnings to participating securities
 
 
-
 
 
 
-
 
 
 
(30
)
 
 
-
 
Net income (loss) allocated to common shares
 
 
(8,858
)
 
 
(11,306
)
 
 
2,356
 
 
 
(1,754
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
 
31,558
 
 
 
31,139
 
 
 
31,035
 
 
 
33,885
 
Add: Dilutive effect of stock awards
 
 
-
 
 
 
-
 
 
 
266
 
 
 
-
 
Diluted weighted average shares outstanding
 
 
31,558
 
 
 
31,139
 
 
 
31,301
 
 
 
33,885
 
Diluted EPS
 
$
(0.28
)
 
$
(0.36
)
 
$
0.08
 
 
$
(0.05
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
        The following table illustrates the number of stock options and SARs that were outstanding, but not included in the computation of diluted earnings per share because the exercise price of the stock options and SARs was greater than the average market price of the Company's common shares (in thousands):
 
                
 
                
 
 
Thirteen Weeks Ended
  
Thirty-Nine Weeks Ended
 
 
 
October 27, 2012
  
October 29, 2011
  
October 27, 2012
  
October 29, 2011
 
Number of anti-dilutive stock options and SARs outstanding
  
247
   
2,994
   
956
   
1,800