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Earnings per Share
 9 Months Ended
Nov. 02, 2013
Earnings Per Share [Abstract]  
Earnings per Share
5.            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. For the thirteen weeks and thirty-nine weeks ended November 2, 2013, 218,077 shares and 307,739 shares, respectively, and 380,980 shares for the thirteen weeks ended October 27, 2012, were attributable to stock options, SARs and non-vested stock grants that would have been considered dilutive securities but were excluded from the calculation of diluted earnings per share because the effect was anti-dilutive due to the net loss for the reported periods.

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 have 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
 
November 2, 2013
 
October 27, 2012
 
November 2, 2013
 
October 27, 2012
Basic EPS:
 
 
 
 
 
 
 
Net income (loss)
$
(10,971
)
 
$
(8,858
)
 
$
(8,220
)
 
$
2,386

Less: Allocation of earnings to participating securities
—

 
—

 
—

 
(30
)
Net income (loss) allocated to common shares
(10,971
)
 
(8,858
)
 
(8,220
)
 
2,356

 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
31,854

 
31,558

 
32,307

 
31,035

Basic EPS
$
(0.34
)
 
$
(0.28
)
 
$
(0.25
)
 
$
0.08

 
 
 
 
 
 
 
 
 
Thirteen Weeks Ended
 
Thirty-Nine Weeks Ended
 
November 2, 2013
 
October 27, 2012
 
November 2, 2013
 
October 27, 2012
Diluted EPS:
 

 
 

 
 
 
 
Net income (loss)
$
(10,971
)
 
$
(8,858
)
 
$
(8,220
)
 
$
2,386

Less: Allocation of earnings to participating securities
—

 
—

 
—

 
(30
)
Net income (loss) allocated to common shares
(10,971
)
 
(8,858
)
 
(8,220
)
 
2,356

 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
31,854

 
31,558

 
32,307

 
31,035

Add: Dilutive effect of stock awards
—

 
—

 
—

 
266

Diluted weighted average shares outstanding
31,854

 
31,558

 
32,307

 
31,301

Diluted EPS
$
(0.34
)
 
$
(0.28
)
 
$
(0.25
)
 
$
0.08


 
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
 
November 2, 2013
 
October 27, 2012
 
November 2, 2013
 
October 27, 2012
Number of anti-dilutive stock options and SARs outstanding
451

 
247

 
129

 
956