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LOSS PER COMMON SHARE
 6 Months Ended
May 03, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 10 — LOSS PER COMMON SHARE
 
Basic earnings (loss) per common share is computed by dividing net income (loss) allocated to common shares by the weighted average number of common shares outstanding. Diluted earnings per common share, if applicable, considers the dilutive effect of common stock equivalents. The reconciliation of the numerator and denominator used for the computation of basic and diluted earnings (loss) per common share is as follows (in thousands, except per share data):
 
 
 
Fiscal Three Months Ended
 
Fiscal Six Months Ended
 
 
 
May 3,
 2015
 
May 4, 
2014
 
May 3, 
2015
 
May 4, 
2014
 
Numerator for Basic and Diluted Loss Per Common Share(1)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(7,488)
 
$
(4,905)
 
$
(7,808)
 
$
(9,163)
 
Denominator for Basic and Diluted Loss Per Common Share
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding for basic and diluted loss per share
 
 
73,133
 
 
72,838
 
 
73,102
 
 
73,177
 
Basic and Diluted loss per common share
 
$
(0.10)
 
$
(0.07)
 
$
(0.11)
 
$
(0.13)
 
  
(1)
Participating securities consist of 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 the three and six months ended May 3, 2015 and May 4, 2014. The Unvested Common Stock related to our Incentive Plan will be allocated earnings when applicable.
 
We calculate earnings (loss) per share using the “two-class” method, whereby unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are “participating securities” and, therefore, these participating securities are treated as a separate class in computing earnings (loss) per share. There was no income amount attributable to unvested restricted stock for both the three and six month periods ended May 3, 2015 and May 4, 2014, as the unvested restricted stock does not contractually share in the net losses. However, in periods of net income allocated to common shares, a portion of this income will be allocable to the unvested restricted stock.
 
For the three and six month periods ended May 3, 2015 and May 4, 2014, all outstanding options, PSUs and Performance Share Awards were anti-dilutive and, therefore, not included in the diluted loss per common share calculation.