Income (Loss) Per Share

3 Months Ended

Jun. 01, 2013

Income (Loss) Per Share

Income (Loss) Per Share

2. Income (Loss) Per Share

        Basic income (loss) per share is computed by dividing income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted income (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 1, 2013			June 2, 2012
Numerator for income (loss) per share:
Net income (loss)	$	89,662		$	(28,088	)
Accretion of redeemable preferred stock		(25	)		(25	)
Cumulative preferred stock dividends		(2,732	)		(2,574	)
Income (loss) attributable to common stockholders—basic	$	86,905		$	(30,687	)
Add back—interest on convertible notes		1,364			—
Add back—cumulative preferred stock dividends		2,732			—
Income (loss) attributable to common stockholders—diluted	$	91,001		$	(30,687	)
Denominator:
Basic weighted average shares		893,871			887,516
Outstanding options and restricted shares, net		38,812			—
Convertible notes		24,800			—
Convertible preferred stock		33,605			—
Diluted weighted average shares		991,088			887,516
Basic income (loss) per share	$	0.10		$	(0.03	)
Diluted income (loss) per share	$	0.09		$	(0.03	)

        Due to their antidilutive effect, the following potential common shares have been excluded from the computation of diluted income (loss) per share as of June 1, 2013 and June 2, 2012:

	Thirteen Week Period Ended
	June 1, 2013		June 2, 2012
Stock options		49,324		72,907
Convertible preferred stock		—		31,662
Convertible notes		—		24,800
		49,324		129,369

        Also excluded from the computation of diluted income (loss) per share as of June 1, 2013 and June 2, 2012 are restricted shares and restricted stock units of 0 and 11,366, respectively, which are included in shares outstanding.