PER-SHARE AMOUNTS

6 Months Ended

Aug. 01, 2015

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						TWENTY-SIX
	WEEKS ENDED						WEEKS ENDED
	August 1,			August 2,			August 1,			August 2,
	2015			2014			2015			2014
Basic Loss Per Common Share
Net loss	$	(39,563	)	$	(36,192	)	$	(73,637	)	$	(67,704	)
Less: Income allocated to participating securities	—			—			—			—
Net loss available to common shareholders	$	(39,563	)	$	(36,192	)	$	(73,637	)	$	(67,704	)
Weighted average common shares outstanding	19,718,423			19,426,824			19,640,016			19,354,271
Basic loss per common share	$	(2.01	)	$	(1.86	)	$	(3.75	)	$	(3.50	)
Diluted Loss Per Common Share
Net loss	$	(39,563	)	$	(36,192	)	$	(73,637	)	$	(67,704	)
Less: Income allocated to participating securities	—			—			—			—
Net loss available to common shareholders	$	(39,563	)	$	(36,192	)	(73,637		)	(67,704		)
Weighted average common shares outstanding	19,718,423			19,426,824			19,640,016			19,354,271
Common shares issuable - stock options	—			—			—			—
Weighted average common shares outstanding assuming dilution	19,718,423			19,426,824			19,640,016			19,354,271
Diluted loss per common share	$	(2.01	)	$	(1.86	)	$	(3.75	)	$	(3.50	)

Due to the Company’s net loss position, weighted average unvested restricted shares (participating securities) of 890,065 and 685,628 for the second quarter in each of 2015 and 2014, respectively, and 799,513 and 707,581 for the 26 weeks ended August 1, 2015 and August 2, 2014, 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) totaling 17,555 and 200,950 for the second quarter in each of 2015 and 2014, respectively, and 63,876 and 228,479 for the 26 weeks ended August 1, 2015 and August 2, 2014, respectively, were excluded from the computation of diluted weighted average common shares outstanding, as their effect 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 second quarter in each of 2015 and 2014, these shares would have increased diluted weighted average common shares outstanding by 0 and 99,813, respectively. Had the Company reported net income for the 26 weeks ended August 1, 2015 and August 2, 2014, these shares would have increased diluted weighted average common shares outstanding by 8,395 and 101,482, respectively.