XML 57 R37.htm IDEA: XBRL DOCUMENT v3.3.1.900
EARNINGS (LOSS) PER COMMON SHARE (Tables)
 12 Months Ended
Nov. 01, 2015
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator Used for Earnings (Loss) per Common Share
The reconciliation of the numerator and denominator used for the computation of basic and diluted income (loss) per common share is as follows (in thousands, except per share data):
 
Fiscal Year Ended
 
November 1, 2015
 
November 2, 2014
 
November 3, 2013
Numerator for Basic and Diluted Earnings (Loss) Per Common Share:
 
 
 
 
 
Net income (loss) applicable to common shares(1)
$
17,646

 
$
11,085

 
$
(12,885
)
Denominator for Basic and Diluted Earnings (Loss) Per Common Share:
 
 
 
 
 
Weighted average basic number of common shares outstanding
73,271

 
73,079

 
44,761

Common stock equivalents:
 
 
 
 
 
Employee stock options
652

 
729

 
—

PSUs and Performance Share Awards
—

 
901

 
—

Weighted average diluted number of common shares outstanding
73,923

 
74,709

 
44,761

Basic earnings (loss) per common share
$
0.24

 
$
0.15

 
$
(0.29
)
Diluted earnings (loss) per common share
$
0.24

 
$
0.15

 
$
(0.29
)
(1)
Net income (loss) applicable to common shares includes an allocation of earnings to participating securities. Participating securities consist of the Convertible Preferred Stock, as defined below, for the period prior to its conversion to Common Stock of the Company and the unvested restricted Common Stock related to our Incentive Plan. These participating securities do not have a contractual obligation to share in losses; therefore, no losses were allocated in fiscal 2013. The Convertible Preferred Stock was converted into shares of our Common Stock in the third quarter of fiscal 2013. The Unvested Common Stock related to our Incentive Plan was allocated earnings in fiscal 2015 and 2014.