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Earnings (Loss) Per Share
12 Months Ended
Nov. 03, 2012
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

Basic earnings (loss) per share exclude any dilution and are computed by dividing net earnings attributable to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. The dilution from each of these instruments is calculated using the treasury stock method. Outstanding equity instruments that could potentially dilute basic earnings per share in the future but were not included in the computation of diluted earnings per share because they were antidilutive are as follows (in thousands):
 
 
2012
 
2011
 
2010
Antidilutive shares:
 
 
 
 
 
SSARs
1,083

 
1,236

 
838

Stock options
485

 
670

 
763

Total antidilutive shares excluded from diluted earnings per share
1,568

 
1,906

 
1,601



The Company used the two-class method to compute basic and diluted earnings per share for all periods presented. The reconciliation of the net earnings (loss) from continuing operations, net earnings (loss) attributable to common shareholders and the weighted average number of common and participating shares used in the computations of basic and diluted earnings per share for years ended November 3, 2012, October 29, 2011 and October 30, 2010 is as follows (shares in thousands):

 
2012
 
2011
 
2010
Basic and diluted net earnings:
 
 
 
 
 
Net earnings (loss) from continuing operations
$
2,687

 
$
(23,383
)
 
$
(49,643
)
Less: net earnings allocated to participating securities
12

 

 

Net earnings (loss) from continuing operations attributable to common shareholders
2,675

 
(23,383
)
 
(49,643
)
(Loss) earnings from discontinued operations, net of tax
(91
)
 
2,316

 
(732
)
Net earnings (loss) attributable to common shareholders
$
2,584

 
$
(21,067
)
 
$
(50,375
)
Weighted average shares outstanding:
 
 
 
 
 
Basic weighted average common shares outstanding
30,839

 
30,663

 
30,536

Add: dilutive shares from equity instruments
57

 

 

Diluted weighted average shares outstanding
30,896

 
30,663

 
30,536