Note 14 - Net income (loss) per share

12 Months Ended

Jan. 28, 2012

Earnings Per Share [Text Block]

14.          Net income (loss) per share

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

The following table sets forth the basic and diluted net income (loss) per share computed for fiscal 2012, 2011 and 2010 (in thousands, except per share amounts):

	Years Ended
	January 28, 2012			January 29, 2011		January 30, 2010
Numerator:
Net income (loss), as reported	$	(168,045	)	$	9,147	$	2,455
Denominator:
Weighted average common shares outstanding – basic		32,036			31,245		27,597
Effect of dilutive securities:
Stock options		-			487		638
Shares used in computation – diluted		32,036			31,732		28,235
Net income (loss) per share:
Basic	$	(5.25	)	$	0.29	$	0.09
Diluted	$	(5.25	)	$	0.29	$	0.09

The following table sets forth the excluded anti-diluted and excluded potentially dilutive securities for fiscal 2012, 2011 and 2010 (in thousands):

	Years Ended
	January 28, 2012		January 29, 2011		January 30, 2010
Stock options excluded because the effect of including would be anti-dilutive		353		-		-
Stock options excluded because exercise price is in excess of average stock price		4,940		4,692		2,986