XML 14 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
PER-SHARE AMOUNTS
 9 Months Ended
Nov. 02, 2013
PER-SHARE AMOUNTS  
PER-SHARE AMOUNTS

2.                                      PER-SHARE AMOUNTS

 

The following table presents a reconciliation of net loss and weighted average shares outstanding used in basic and diluted earnings (loss) per share (“EPS”) calculations for each period presented:

 

 

 

THIRTEEN

 

THIRTY-NINE

 

 

 

WEEKS ENDED

 

WEEKS ENDED

 

 

 

November 2,

 

October 27,

 

November 2,

 

October 27,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Basic Loss Per Common Share

 

 

 

 

 

 

 

 

 

Net loss

 

$

(931

)

$

(10,148

)

$

(64,895

)

$

(95,967

)

Less: Income allocated to participating securities

 

—

 

—

 

—

 

—

 

Net loss available to common shareholders

 

$

(931

)

$

(10,148

)

$

(64,895

)

$

(95,967

)

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

19,202,416

 

18,606,243

 

19,066,734

 

18,471,204

 

 

 

 

 

 

 

 

 

 

 

Basic loss per common share

 

$

(0.05

)

$

(0.55

)

$

(3.40

)

$

(5.20

)

 

 

 

 

 

 

 

 

 

 

Diluted Loss Per Common Share

 

 

 

 

 

 

 

 

 

Net loss

 

$

(931

)

$

(10,148

)

$

(64,895

)

$

(95,967

)

Less: Income allocated to participating securities

 

—

 

—

 

—

 

—

 

Net loss available to common shareholders

 

$

(931

)

$

(10,148

)

$

(64,895

)

$

(95,967

)

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

19,202,416

 

18,606,243

 

19,066,734

 

18,471,204

 

Common shares issuable - stock options

 

—

 

—

 

—

 

—

 

Weighted average common shares outstanding assuming dilution

 

19,202,416

 

18,606,243

 

19,066,734

 

18,471,204

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per common share

 

$

(0.05

)

$

(0.55

)

$

(3.40

)

$

(5.20

)

 

Due to the Company’s net loss position, weighted average unvested restricted shares (participating securities) of 857,754 and 1,257,690 for the third quarter in each of 2013 and 2012, respectively, and 939,333 and 1,348,361 for the 39 weeks ended November 2, 2013 and October 27, 2012, respectively, were not considered in the calculation of net loss available to common shareholders used for both basic and diluted EPS.

 

In addition, weighted average stock option shares (non-participating securities) of 300,523 and 777,593 for the third quarter in each of 2013 and 2012, respectively, and 388,758 and 887,178 for the 39 weeks ended November 2, 2013 and October 27, 2012, respectively, were excluded from the calculation of diluted EPS as they would have been antidilutive.  Certain of these stock option shares were excluded solely due to the Company’s net loss position.   Had the Company reported net income for the third quarter in each of 2013 and 2012, these shares would have increased the weighted average common shares outstanding by 114,837 and 180,804, respectively, for purposes of calculating diluted EPS.  Had the Company reported net income for the 39 weeks ended November 2, 2013 and October 27, 2012, these shares would have increased the weighted average common shares outstanding by 145,748 and 111,998, respectively, for purposes of calculating diluted EPS.