Loss Per Share

3 Months Ended

Jun. 02, 2012

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
	June 2, 2012			May 28, 2011
Numerator for loss per share:
Net loss	$	(28,088	)	$	(63,082	)
Accretion of redeemable preferred stock		(25	)		(25	)
Cumulative preferred stock dividends		(2,574	)		(2,425	)
Loss attributable to common stockholders, basic and diluted	$	(30,687	)	$	(65,532	)
Denominator:
Basic and diluted weighted average shares		887,516			883,915
Basic and diluted loss per share	$	(0.03	)	$	(0.07	)

        Due to their antidilutive effect, the following potential common shares have been excluded from the computation of diluted loss per share as of June 2, 2012 and May 28, 2011:

	Thirteen Week Period Ended
	June 2, 2012		May 28, 2011
Stock options		72,907		63,779
Convertible preferred stock		31,662		29,832
Convertible debt		24,800		24,800
		129,369		118,411

        Also excluded from the computation of diluted loss per share as of June 2, 2012 and May 28, 2011 are restricted shares and restricted stock units of 11,366 and 6,932, respectively, which are included in shares outstanding.