Note 12. Net Loss Per Share

3 Months Ended

Apr. 28, 2012

Earnings Per Share [Text Block]

12.          Net loss per share

Basic net loss 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 loss per share computed for the three months ended April 28, 2012 and April 30, 2011 (in thousands, except per share amounts):

	Three Months Ended
	April 28, 2012		April 30, 2011
Numerator:
Net loss, as reported	$	(13,702)	$	(5,670)
Denominator:
Weighted average common shares outstanding - basic		32,661		31,731
Effect of dilutive securities:
Stock options		—		—
Shares used in computation – diluted		32,661		31,731
Net loss per share:
Basic	$	(0.42)	$	(0.18)
Diluted	$	(0.42)	$	(0.18)

The following table sets forth the excluded anti-diluted and excluded potentially dilutive securities for the three months ended April 28, 2012 and April 30, 2011 (in thousands):

	Three Months Ended
	April 28, 2012		April 30, 2011
Stock options excluded because the effect of including would be anti-dilutive		153		611
Stock options excluded because exercise price is in excess of average stock price		5,547		3,437
Restricted stock awards and units excluded because the effect of including would be anti-dilutive		21		—
Restricted stock awards and units excluded because potential buyback shares exceed weighted average restricted stock units and awards outstanding		733		—