Income (Loss) Per Share

9 Months Ended

Nov. 30, 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						Thirty-Nine Week Period Ended
	November 30, 2013			December 1, 2012			November 30, 2013			December 1, 2012
Numerator for income (loss) per share:
Net income (loss)	$	71,548		$	61,871		$	194,037		$	(4,982	)
Accretion of redeemable preferred stock		(26	)		(26	)		(77	)		(77	)
Cumulative preferred stock dividends		(2,814	)		(2,651	)		(8,318	)		(7,837	)
Conversion of Series G and H preferred stock		(25,603	)		—			(25,603	)		—
Income (loss) attributable to common stockholders—basic	$	43,105		$	59,194		$	160,039		$	(12,896	)
Add back—interest on convertible notes		—			1,334			—			—
Income (loss) attributable to common stockholders—diluted	$	43,105		$	60,528		$	160,039		$	(12,896	)
Denominator:
Basic weighted average shares		938,994			891,031			911,608			889,187
Outstanding options and restricted shares, net		48,843			1,977			41,227			—
Convertible notes		—			24,800			—			—
Diluted weighted average shares		987,837			917,808			952,835			889,187
Basic income (loss) per share	$	0.05		$	0.07		$	0.18		$	(0.01	)
Diluted income (loss) per share	$	0.04		$	0.07		$	0.17		$	(0.01	)

        Due to their antidilutive effect, the following potential common shares have been excluded from the computation of diluted income (loss) per share as of November 30, 2013 and December 1, 2012:

	Thirteen Week Period Ended				Thirty-Nine Week Period Ended
	November 30, 2013		December 1, 2012		November 30, 2013		December 1, 2012
Stock options		23,564		70,868		32,433		83,169
Convertible notes		24,800		—		24,800		24,800
Convertible preferred stock		—		32,619		—		32,619
		48,364		103,487		57,233		140,588

        Also excluded from the computation of diluted income (loss) per share for the thirty-nine week periods ended November 30, 2013 and December 1, 2012 are restricted shares and restricted stock units of 0 and 12,753, respectively, which are included in shares outstanding.