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Income Per Share (Tables)
6 Months Ended
Aug. 30, 2014
Income Per Share  
Schedule of calculation of basic and diluted income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thirteen Week Period
Ended

 

Twenty-Six Week Period
Ended

 

 

 

August 30,
2014

 

August 31,
2013

 

August 30,
2014

 

August 31,
2013

 

Numerator for income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

127,849

 

$

32,827

 

$

169,295

 

$

122,489

 

Accretion of redeemable preferred stock

 

 

 

 

(26

)

 

 

 

(51

)

Cumulative preferred stock dividends

 

 

 

 

(2,772

)

 

 

 

(5,504

)

 

 

 

 

 

 

 

 

 

 

​  

Income attributable to common stockholders—basic

 

$

127,849

 

$

30,029

 

$

169,295

 

$

116,934

 

Add back—interest on convertible notes

 

 

1,364

 

 

 

 

2,728

 

 

2,728

 

 

 

 

 

 

 

 

 

 

 

​  

Income attributable to common stockholders—diluted

 

$

129,213

 

$

30,029

 

$

172,023

 

$

119,662

 

 

 

 

 

 

 

 

 

 

 

​  

​  

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares

 

 

970,664

 

 

901,992

 

 

966,997

 

 

897,993

 

Outstanding options and restricted shares, net

 

 

26,132

 

 

44,726

 

 

26,141

 

 

40,143

 

Convertible notes

 

 

24,796

 

 

 

 

24,796

 

 

24,800

 

 

 

 

 

 

 

 

 

 

 

​  

Diluted weighted average shares

 

 

1,021,592

 

 

946,718

 

 

1,017,934

 

 

962,936

 

 

 

 

 

 

 

 

 

 

 

​  

​  

 

 

 

 

 

 

 

 

 

 

Basic income per share

 

$

0.13

 

$

0.03

 

$

0.18

 

$

0.13

 

 

 

 

 

 

 

 

 

 

 

​  

​  

 

 

 

 

 

 

 

 

 

 

Diluted income per share

 

$

0.13

 

$

0.03

 

$

0.17

 

$

0.12

 

 

 

 

 

 

 

 

 

 

 

​  

​  

 

 

 

 

 

 

 

 

 

 

 

Schedule of antidilutive effect of potential common shares, excluded from computation of diluted income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thirteen Week Period
Ended

 

Twenty-Six Week Period
Ended

 

 

August 30,
2014

 

August 31,
2013

 

August 30,
2014

 

August 31,
2013

Stock options

 

 

2,836 

 

 

39,014 

 

 

2,836 

 

 

43,668 

Convertible notes

 

 

 

 

24,800 

 

 

 

 

Convertible preferred stock

 

 

 

 

34,109 

 

 

 

 

34,109 

 

 

 

 

 

 

 

 

 

 

 

 

2,836 

 

 

97,923 

 

 

2,836 

 

 

77,777