Income Per Share

3 Months Ended

May. 30, 2015

3. Income Per Share

Basic income per share is computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted income 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
	May 30, 2015		May 31, 2014
Numerator for income per share:
Income attributable to common stockholders—basic and diluted	$	18,836	$	41,446

Denominator:
Basic weighted average shares	986,691		963,332
Outstanding options and restricted shares, net	22,461		33,222

Diluted weighted average shares	1,009,152		996,554

Basic income per share	$	0.02	$	0.04

Diluted income per share	$	0.02	$	0.04

Due to their antidilutive effect, the following potential common shares have been excluded from the computation of diluted income per share as of May 30, 2015 and May 31, 2014:

	Thirteen Week Period Ended
	May 30, 2015	May 31, 2014
Stock options	—	—
Convertible notes	—	24,800

	—	24,800

During the thirteen week period ended May 30, 2015, $64,089 of the Company’s 8.5% convertible notes due 2015 were converted into 24,762 shares of common stock, pursuant to their terms.