Note 13. Net Income (loss) Per Share

9 Months Ended

Oct. 29, 2011

Earnings Per Share [Text Block]

13. Net income (loss) per share

Basic net income per share for the periods presented is computed by dividing net income by the weighted average number of common shares outstanding.  Diluted net income per share is computed by including dilutive options.  Basic and diluted net loss per share for the periods presented is computed by dividing net loss by the weighted average number of common shares outstanding.

The following table sets forth the basic and diluted net income (loss) per share computed for the three and nine months ended October 29, 2011 and October 30, 2010 (in thousands, except per share amounts):

	Three Months Ended					Nine Months Ended
	October 29, 2011			October 30, 2010		October 29 2011			October 30, 2010
Numerator:
Net income (loss), as reported	$	(121,575	)	$	5,065	$	(149,207	)	$	6,675
Denominator:
Weighted average common shares outstanding - basic		32,139			31,327		31,928			31,167
Effect of dilutive securities:
Stock options		—			319		—			443
Shares used in computation - diluted		32,139			31,646		31,928			31,610
Net income (loss) per share:
Basic	$	(3.78	)	$	0.16	$	(4.67	)	$	0.21
Diluted	$	(3.78	)	$	0.16	$	(4.67	)	$	0.21

The following table sets forth the excluded anti-dilutive and excluded potentially dilutive securities for the three and nine months ended October 29, 2011 and October 30, 2010 is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	October 29, 2011		October 30, 2010		October 29, 2011		October 30, 2010
Stock options excluded because the effect of including would be anti-dilutive		296		-		412		-
Stock options excluded because exercise price is in excess of average stock price		5,338		5,315		4,732		5,091