Earnings (Loss) Per Share

9 Months Ended

Jul. 31, 2016

Basic and diluted net income (loss) per share is calculated as follows (in thousands, except per share amounts):



	Three Months Ended						Nine Months Ended
	July 31, 2016			August 2, 2015			July 31, 2016			August 2, 2015
Numerator
Loss from continuing operations	$	(4,610	)	$	(4,144	)	$	(17,357	)	$	(19,857	)
Loss from discontinued operations, net of income taxes	—			—			—			(4,519		)
Net loss	$	(4,610	)	$	(4,144	)	$	(17,357	)	$	(24,376	)
Denominator
Basic weighted average number of shares	20,846			20,741			20,824			20,821
Diluted weighted average number of shares	20,846			20,741			20,824			20,821

Basic:
Loss from continuing operations	$	(0.22	)	$	(0.20	)	$	(0.83	)	$	(0.95	)
Loss from discontinued operations, net of income taxes	—			—			—			(0.22		)
Net loss	$	(0.22	)	$	(0.20	)	$	(0.83	)	$	(1.17	)

Diluted:
Loss from continuing operations	$	(0.22	)	$	(0.20	)	$	(0.83	)	$	(0.95	)
Loss from discontinued operations, net of income taxes	—			—			—			(0.22		)
Net loss	$	(0.22	)	$	(0.20	)	$	(0.83	)	$	(1.17	)

Options to purchase 1,898,397 and 1,007,911 shares of the Company’s common stock were outstanding at July 31, 2016 and August 2, 2015, respectively. Additionally, there were 237,864 and 42,000 unvested restricted shares outstanding at July 31, 2016 and August 2, 2015, respectively. The options and restricted shares were not included in the computation of diluted earnings (loss) per share in the three and nine months of fiscal 2016 and 2015 because the effect of their inclusion would have been anti-dilutive as a result of the Company’s net loss position in those periods.