Income Per Share

6 Months Ended

Aug. 29, 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				Twenty-Six Week Period Ended
	August 29, 2015		August 30, 2014		August 29, 2015		August 30, 2014
Numerator for income per share:
Net income	$	21,469	$	127,849	$	40,305	$	169,295
Add back—interest on convertible notes	—		1,364		—		2,728

Income attributable to common stockholders—diluted	$	21,469	$	129,213	$	40,305	$	172,023

Denominator:
Basic weighted average shares	1,029,793		970,664		1,008,242		966,997
Outstanding options and restricted shares, net	19,341		26,132		18,959		26,141
Convertible notes	—		24,796		—		24,796

Diluted weighted average shares	1,049,134		1,021,592		1,027,201		1,017,934

Basic income per share	$	0.02	$	0.13	$	0.04	$	0.18

Diluted income per share	$	0.02	$	0.13	$	0.04	$	0.17

Due to their antidilutive effect, the following potential common shares have been excluded from the computation of diluted income per share as of August 29, 2015 and August 30, 2014:

	Thirteen Week Period Ended		Twenty-Six Week Period Ended
	August 29, 2015	August 30, 2014	August 29, 2015	August 30, 2014
Stock options	2,893	2,836	2,893	2,836

	2,893	2,836	2,893	2,836

During May 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.