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Income (Loss) Per Share
12 Months Ended
Mar. 01, 2014
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.

 
  Year Ended  
 
  March 1,
2014
(52 Weeks)
  March 2,
2013
(52 Weeks)
  March 3,
2012
(53 Weeks)
 

Numerator for income (loss) per share:

                   

Net income (loss)

  $ 249,414   $ 118,105   $ (368,571 )

Accretion of redeemable preferred stock

    (77 )   (102 )   (102 )

Cumulative preferred stock dividends

    (8,318 )   (10,528 )   (9,919 )

Conversion of Series G and H preferred stock

    (25,603 )        
               

Income (loss) attributable to common stockholders—basic

  $ 215,416   $ 107,475   $ (378,592 )

Add back—interest on convertible notes

    5,456          
               

Income (loss) attributable to common stockholders—diluted

  $ 220,872   $ 107,475   $ (378,592 )
               
               

Denominator:

                   

Basic weighted average shares

    922,199     889,562     885,819  

Outstanding options and restricted shares, net

    32,093     17,697      

Convertible notes

    24,800          
               

Diluted weighted average shares

    979,092     907,259     885,819  
               
               

Basic income (loss) per share

  $ 0.23   $ 0.12   $ (0.43 )
               
               

Diluted income (loss) per share

  $ 0.23   $ 0.12   $ (0.43 )
               
               

        Due to their anti-dilutive effect, the following potential common shares have been excluded from the computation of diluted income (loss) per share as of March 1, 2014, March 2, 2013 and March 3, 2012:

 
  Year Ended  
 
  March 1,
2014
(52 Weeks)
  March 2,
2013
(52 Weeks)
  March 3,
2012
(53 Weeks)
 

Stock options

    4,044     10,455     73,798  

Convertible preferred stock

        33,109     31,195  

Convertible notes

        24,800     24,800  
               

 

    4,044     68,364     129,793  
               
               

        Also excluded from the computation of diluted income (loss) per share as of March 1, 2014 and March 2, 2013 are restricted shares and restricted stock units of 0 and 11,506 which are included in shares outstanding.