Loss Per Share

9 Months Ended

Nov. 26, 2011

Loss Per Share

Loss Per Share

2. Loss Per Share

        Basic loss per share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted loss per share reflects 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 income of the Company subject to anti-dilution limitations.

	Thirteen Week Period Ended						Thirty-Nine Week Period Ended
	November 26, 2011			November 27, 2010			November 26, 2011			November 27, 2010
Numerator for loss per share:
Net loss	$	(51,985	)	$	(79,071	)	$	(207,321	)	$	(349,731	)
Accretion of redeemable preferred stock		(26	)		(26	)		(77	)		(77	)
Cumulative preferred stock dividends		(2,498	)		(2,354	)		(7,384	)		(6,957	)
Loss attributable to common stockholders, basic and diluted	$	(54,509	)	$	(81,451	)	$	(214,782	)	$	(356,765	)
Denominator:
Basic and diluted weighted average shares		886,629			883,515			885,388			882,668
Basic and diluted loss per share	$	(0.06	)	$	(0.09	)	$	(0.24	)	$	(0.40	)

        Due to their antidilutive effect, the following potential common shares have been excluded from the computation of diluted loss per share as of November 26, 2011 and November 27, 2010:

	Thirteen Week Period Ended				Thirty-Nine Week Period Ended
	November 26, 2011		November 27, 2010		November 26, 2011		November 27, 2010
Stock options		76,537		87,235		76,537		87,235
Convertible preferred stock		30,734		28,957		30,734		28,957
Convertible debt		24,800		24,800		24,800		24,800
		132,071		140,992		132,071		140,992

        Also excluded from the computation of diluted loss per share as of November 26, 2011 and November 27, 2010 are restricted shares and restricted stock units of 11,567 and 7,282, respectively, which are included in shares outstanding.