Income (Loss) Per Share

3 Months Ended

May 30, 2020

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 Ended
	May 30,		June 1,
	2020		2019
Basic and diluted income (loss) per share:
Numerator:
Net loss from continuing operations	$	(72,702)	$	(99,339)
Net income (loss) from discontinued operations		9,161		(320)
Loss attributable to common stockholders— basic and diluted	$	(63,541)	$	(99,659)
Denominator:
Basic weighted average shares		53,462		52,976
Outstanding options and restricted shares, net		—		—
Diluted weighted average shares		53,462		52,976
Basic and diluted income (loss) per share:
Continuing operations	$	(1.36)	$	(1.88)
Discontinued operations		0.17		0.00
Net basic and diluted loss per share	$	(1.19)	$	(1.88)

Due to their antidilutive effect, 1,264 and 992 potential common shares related to stock options have been excluded from the computation of diluted income (loss) per share for the thirteen week periods ended May 30, 2020 and June 1, 2019, respectively. Also, excluded from the computation of diluted income (loss) per share for the thirteen week periods ended May 30, 2020 and June 1, 2019 are restricted shares of 1,198 and 813, respectively, which are included in shares outstanding.