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Income (Loss) Per Share
6 Months Ended
Sep. 01, 2018
Income (Loss) Per Share  
Income (Loss) Per Share

4. Income (Loss) Per Share

 

Basic income (loss) 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 (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

 

Twenty-Six Week Period

 

 

Ended

 

Ended

 

 

September 1,

 

September 2,

 

September 1,

 

September 2,

 

    

2018

    

2017

    

2018

    

2017

Basic and diluted (loss) income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income from continuing operations

 

$

(352,348)

 

$

188,360

 

$

(394,075)

 

$

152,323

Net (loss) income from discontinued operations, net of tax

 

 

(6,792)

 

 

(17,644)

 

 

249,351

 

 

(56,956)

(Loss) income attributable to common stockholders - basic and diluted

 

$

(359,140)

 

$

170,716

 

$

(144,724)

 

$

95,367

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares

 

 

1,056,464

 

 

1,048,548

 

 

1,055,424

 

 

1,047,687

Outstanding options and restricted shares, net

 

 

 —

 

 

18,668

 

 

 —

 

 

22,597

Diluted weighted-average shares

 

 

1,056,464

 

 

1,067,216

 

 

1,055,424

 

 

1,070,284

Basic and diluted (loss) income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.33)

 

$

0.18

 

$

(0.37)

 

$

0.14

Discontinued operations

 

 

(0.01)

 

 

(0.02)

 

 

0.23

 

 

(0.05)

Net basic and diluted (loss) income per share

 

$

(0.34)

 

$

0.16

 

$

(0.14)

 

$

0.09

 

Due to their antidilutive effect, 25,163  and 9,206 potential common shares related to stock options have been excluded from the computation of diluted income per share for the thirteen week period ended September 1, 2018 and September 2, 2017, respectively. Due to their antidilutive effect, 25,163 and 5,596 potential common shares related to stock options have been excluded from the computation of diluted income per share for the twenty-six week period ended September 1, 2018 and September 2, 2017, respectively. Also, excluded from the computation of diluted income per share for the thirteen and twenty-six week periods ended September 1, 2018 and September 2, 2017 are restricted shares of 7,811 and 0, respectively, which are included in shares outstanding.