Note 11 - Earnings Per Share

12 Months Ended

Jan. 28, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

11.

          Earnings per share

Basic net (loss) income per share is computed by dividing net (loss) income by the weighted-average number of common shares outstanding for the fiscal period. Diluted net loss per share is the same as basic net loss per share as the inclusion of potentially issuable shares is anti-dilutive. Diluted net income per share is computed by adjusting outstanding shares, assuming any dilutive effects of stock incentive awards calculated using the treasury stock method. Under the treasury stock method, an increase in the fair market value of our common stock results in a greater dilutive effect from outstanding stock options, restricted stock units and stock purchase rights. Additionally, the exercise of employee stock options and stock purchase rights and the vesting of restricted stock units results in a further dilutive effect on net income per share.

The following table sets forth the basic and diluted net (loss) income per share computed for fiscal

2017,

2016

and

2015

(in thousands, except per share amounts):

	Fiscal Years Ended
	January 28, 2017			January 30, 2016		January 31, 2015
Numerator:
Net (loss) income, as reported	$	(18,315	)	$	158	$	(21,701	)
Denominator:
Weighted-average common shares outstanding- basic		37,429			35,890		34,693
Dilutive effect of employee stock plans		-			779		-
Weighted-average common shares outstanding- diluted		37,429			36,669		34,693
Net (loss) income per share - basic	$	(0.49	)	$	0.00	$	(0.63	)
Net (loss) income per share - diluted	$	(0.49	)	$	0.00	$	(0.63	)

The weighted-average number of shares outstanding used in the computation of basic and diluted net (loss) income per share does not include the effect of the following potential outstanding shares of common stock. The effects of these potentially outstanding shares were not included in the calculation of basic and diluted net (loss) income per share because the effect would have been anti-dilutive (in thousands):

	Fiscal Years Ended
	January 28, 2017		January 30, 2016		January 31, 2015
Stock options		2,379		2,367		3,908
Restricted stock units and awards		514		232		166