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Income (Loss) Per Share
9 Months Ended
Dec. 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

 

Thirty-Nine Week Period

 

 

Ended

 

Ended

 

 

December 1,

 

December 2,

 

December 1,

 

December 2,

 

    

2018

    

2017

    

2018

    

2017

Basic and diluted (loss) income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income from continuing operations

 

$

(17,250)

 

$

(18,182)

 

$

(411,325)

 

$

134,141

Net income from discontinued operations, net of tax

 

 

12,740

 

 

99,213

 

 

262,091

 

 

42,257

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

 

$

(4,510)

 

$

81,031

 

$

(149,234)

 

$

176,398

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares

 

 

1,058,395

 

 

1,048,502

 

 

1,056,488

 

 

1,048,342

Outstanding options and restricted shares, net

 

 

 —

 

 

7,367

 

 

 —

 

 

18,948

Diluted weighted-average shares

 

 

1,058,395

 

 

1,055,869

 

 

1,056,488

 

 

1,067,290

Basic and diluted (loss) income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(0.02)

 

$

(0.02)

 

$

(0.39)

 

$

0.13

Discontinued operations

 

 

0.02

 

 

0.10

 

 

0.25

 

 

0.04

Net basic and diluted (loss) income per share

 

$

0.00

 

$

0.08

 

$

(0.14)

 

$

0.17

 

Due to their antidilutive effect, 21,692  and 9,861 potential common shares related to stock options have been excluded from the computation of diluted income per share for the thirteen week periods ended December 1, 2018 and December 2, 2017, respectively. Due to their antidilutive effect, 21,692 and 5,195 potential common shares related to stock options have been excluded from the computation of diluted income per share for the thirty-nine week periods ended December 1, 2018 and December 2, 2017, respectively. Also, excluded from the computation of diluted income per share for the thirteen and thirty-nine week periods ended December 1, 2018 and December 2, 2017 are restricted shares of 6,745 and 0, respectively, which are included in shares outstanding.