PER-SHARE AMOUNTS

9 Months Ended

Oct. 31, 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						THIRTY-NINE
	WEEKS ENDED						WEEKS ENDED
	October 31,			November 1,			October 31,			November 1,
	2015			2014			2015			2014
Basic Loss Per Common Share
Net loss	$	(33,992	)	$	(11,008	)	$	(107,629	)	$	(78,712	)
Less: Income allocated to participating securities	—			—			—			—
Net loss available to common shareholders	$	(33,992	)	$	(11,008	)	$	(107,629	)	$	(78,712	)
Weighted average common shares outstanding	19,742,212			19,470,674			19,674,082			19,393,072
Basic loss per common share	$	(1.72	)	$	(0.57	)	$	(5.47	)	$	(4.06	)
Diluted Loss Per Common Share
Net loss	$	(33,992	)	$	(11,008	)	$	(107,629	)	$	(78,712	)
Less: Income allocated to participating securities	—			—			—			—
Net loss available to common shareholders	$	(33,992	)	$	(11,008	)	(107,629		)	(78,712		)
Weighted average common shares outstanding	19,742,212			19,470,674			19,674,082			19,393,072
Common shares issuable - stock options	—			—			—			—
Weighted average common shares outstanding assuming dilution	19,742,212			19,470,674			19,674,082			19,393,072
Diluted loss per common share	$	(1.72	)	$	(0.57	)	$	(5.47	)	$	(4.06	)

Due to the Company’s net loss position, weighted average unvested restricted shares (participating securities) of 1,020,723 and 715,140 for the third quarter in each of 2015 and 2014, respectively, and 873,250 and 710,101 for the 39 weeks ended October 31, 2015 and November 1, 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 0 and 197,593 for the third quarter in each of 2015 and 2014, respectively, and 41,001 and 218,184 for the 39 weeks ended October 31, 2015 and November 1, 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 third quarter in each of 2015 and 2014, these shares would have increased diluted weighted average common shares outstanding by 0 and 86,974, respectively. Had the Company reported net income for the 39 weeks ended October 31, 2015 and November 1, 2014, these shares would have increased diluted weighted average common shares outstanding by 5,597 and 96,646, respectively.