Earnings (Loss) Per Share

12 Months Ended

Nov. 03, 2013

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

NOTE 15: Earnings (Loss) Per Share

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

	Year ended
	November 3, 2013		October 28, 2012		October 30, 2011
Numerator
Net income (loss)	$	(30,875)	$	(13,603)	$	15,629
Denominator
Basic weighted average number of common shares		20,826		20,813		20,813
Dilutive weighted average number of common shares		20,826		20,813		20,896
Net income (loss) per share - basic	$	(1.48)	$	(0.65)	$	0.75
Net income (loss) per share - diluted	$	(1.48)	$	(0.65)	$	0.75

Options to purchase 491,650, 555,650 and 743,667 shares of the Company’s common stock were outstanding at November 3, 2013, October 28, 2012 and October 30, 2011, respectively. Additionally, there were 73,334 restricted shares outstanding at November 3, 2013 and no restricted stock units outstanding at October 28, 2012 and October 30, 2011. The options and restricted shares were not included in the computation of diluted loss per share in fiscal 2013 and 2012 because the effect of their inclusion would have been anti-dilutive as a result of the Company’s net loss position in those fiscal years.