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Earnings Per Share
 9 Months Ended
Jan. 27, 2013
Earnings Per Share  
Earnings Per Share

6.  Earnings Per Share

 

The following table sets forth the computation of basic and diluted loss per share:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

January, 27

 

January, 22

 

January, 27

 

January, 22

 

 

 

2013

 

2012

 

2013

 

2012

 

Numerator:

 

 

 

 

 

 

 

 

 

Loss applicable to common shares:

 

 

 

 

 

 

 

 

 

Loss from continuing operations

 

$

(1,002

)

$

(316

)

$

(599

)

$

(3,905

)

Loss from discontinued operations

 

(1,184

)

(866

)

(1,579

)

(1,057

)

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(2,186

)

$

(1,182

)

$

(2,178

)

$

(4,962

)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic loss per share - weighted average shares

 

39,488,480

 

39,982,281

 

39,280,965

 

38,670,827

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

Employee stock options

 

—

 

—

 

—

 

—

 

Denominator for diluted loss per share - adjusted weighted average shares and assumed conversions

 

39,488,480

 

39,982,281

 

39,280,965

 

38,670,827

 

 

 

 

 

 

 

 

 

 

 

Basic loss per share:

 

 

 

 

 

 

 

 

 

Loss from continuing operations

 

$

(0.03

)

$

(0.01

)

$

(0.02

)

$

(0.10

)

Loss from discontinued operations

 

(0.03

)

(0.02

)

(0.04

)

(0.03

)

Net loss

 

$

(0.06

)

$

(0.03

)

$

(0.06

)

$

(0.13

)

 

 

 

 

 

 

 

 

 

 

Diluted loss per share:

 

 

 

 

 

 

 

 

 

Loss from continuing operations

 

$

(0.03

)

$

(0.01

)

$

(0.02

)

$

(0.10

)

Loss from discontinued operations

 

(0.03

)

(0.02

)

(0.04

)

(0.03

)

Net loss

 

$

(0.06

)

$

(0.03

)

$

(0.06

)

$

(0.13

)

 

Our basic loss per share are computed by dividing net loss by the weighted average number of shares outstanding for the period. Due to the loss from continuing operations for the three and nine months ended January 27, 2013, stock options representing 18,041 and 22,206 shares, which are potentially dilutive, and 1,009,160 and 1,009,160 shares, which are anti-dilutive, were excluded from the calculation of common shares for diluted loss per share for that period. Due to the loss from continuing operations for the three and nine months ended January 22, 2012, stock options representing zero and 21,655 shares, which are potentially dilutive, and 1,279,710 and 1,069,710 shares, which are anti-dilutive, were excluded from the calculation of common shares for diluted loss per share for that period. As the minimum market performance conditions related to our restricted stock units have not been achieved as of January 27, 2013, 1,714,286 shares have been excluded from the calculation of diluted earnings per share for our three and nine months then ended.