Note 15 - Loss Per Share

9 Months Ended

Jun. 30, 2013

Earnings Per Share [Text Block]

Earnings Per Share [Text Block]

(15)  LOSS PER SHARE

Basic loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the year. Diluted loss per share identifies the dilutive effect of potential common shares using net loss available to common shareholders and is computed using the treasury stock method for outstanding stock options and the if-converted method for the 8.50% Convertible Notes, and (ii) in accordance with FASB guidance relating to the effect of contingently convertible instruments on diluted earnings per share for the 3.25% Notes outstanding as of June 24, 2012. A reconciliation of these amounts is as follows:

	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	June 30, 2013			June 24, 2012			June 30, 2013			June 24, 2012
Net loss	$	(15,866	)	$	(13,890	)	$	(20,521	)	$	(33,911	)
Weighted-average common shares outstanding		27,084			23,575			25,451			23,460
Dilutive potential common shares		–			–			–			–
Weighted-average common and diluted shares outstanding		27,084			23,575			25,451			23,460
Basic loss per share	$	(0.59	)	$	(0.59	)	$	(0.81	)	$	(1.45	)
Diluted loss per share	$	(0.59	)	$	(0.59	)	$	(0.81	)	$	(1.45	)

Diluted loss per share for the thirteen weeks ended June 30, 2013, excludes potential common shares and warrants of 815,000 using the treasury stock method, and 4,630,000 using the if-converted method for the 8.50% Convertible Notes, as they were anti-dilutive. Diluted loss per share for the thirty-nine weeks ended June 30, 2013, excludes potential common shares and warrants of 458,000 using the treasury stock method, and 5,530,000 using the if-converted method for the 8.50% Convertible Notes, as they were anti-dilutive. Diluted loss per share for the thirteen weeks and thirty-nine weeks ended June 24, 2012, excludes potential common shares of 2,301,000 and 2,263,000, respectively, using the treasury stock method, and 7,382,000 and 9,063,000, respectively, using the if-converted method for the 8.50% Convertible Notes, as they were anti-dilutive.

As discussed in Note 7, we issued warrants to purchase 3,869,000 shares of our common stock in a private placement.  As of June 30, 2013, there were 3,869,000 warrants exercised. As of June 30, 2013, there were no warrants outstanding.