Earnings (Loss) Per Share

12 Months Ended

Feb. 02, 2013

Earnings (Loss) Per Share

NOTE 11. Earnings (Loss) Per Share

Basic earnings or loss per share is computed by dividing net income or net loss, respectively, by the weighted average number of common shares outstanding for the period.  Diluted earnings per share is applicable only in periods of net income and is computed by dividing net income by the weighted average number of common shares outstanding for the period and potentially dilutive common stock equivalents outstanding for the period.  Periods of net loss require the diluted computation to be the same as the basic computation.  As of the end of fiscal 2012, 2011 and 2010, options to purchase 3.0 million, 3.6 million and 6.1 million shares, respectively, of potentially anti-dilutive common stock equivalents were outstanding.

A reconciliation of the numerator and denominator of basic and diluted earnings (loss) per share is as follows (in thousands except per share amounts):

	Fiscal Year
	2012		2011			2010
Basic earnings (loss) per share computation:
Numerator	$	19,470	$	(1,818	)	$	(8,235	)
Denominator:
Weighted average common shares outstanding		41,970		43,892			44,554
Basic earnings (loss) per share	$	0.46	$	(0.04	)	$	(0.18	)
Diluted earnings (loss) per share computation:
Numerator	$	19,470	$	(1,818	)	$	(8,235	)
Denominator:
Weighted average common shares outstanding		41,970		43,892			44,554
Incremental shares from assumed exercise of options		767		-			-
Total shares		42,737		43,892			44,554
Diluted earnings (loss) per share	$	0.46	$	(0.04	)	$	(0.18	)