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Net Income (Loss) Per Share
12 Months Ended
Jan. 28, 2012
Earnings Per Share [Abstract]  
Net Income/(Loss) Per Share
NET LOSS PER SHARE

 
Year Ended
 
(In thousands, except per share amounts)
January 28,
2012
 
January 29,
2011
 
January 30,
2010
 
Basic weighted average common shares outstanding
116,691

 
115,829

 
115,626

 
Dilutive effect of SARs, stock options, and awards

(1) 

(1) 

(1) 
Diluted weighted average common shares and equivalents outstanding
116,691

 
115,829

 
115,626

 
Net loss used to determine basic and diluted net loss per share
$
(2,017
)
 
$
(53,982
)
 
$
(77,962
)
 
SARs and stock options with weighted average exercise price greater than market price, excluded from computation of diluted net loss per share:
 
 
 
 
 
 
Number of shares

(1) 

(1) 

(1) 
Weighted average exercise price per share
$

 
$

 
$

 
(1)
SARs, Stock options, and awards are excluded from the computation of diluted net loss per share as their effect would have been anti-dilutive.

Our 1.125% Notes will not impact our diluted net income per share until the price of our common stock exceeds the conversion price of $15.379 per share because we expect to settle the principal amount of the 1.125% Notes in cash upon conversion.  Our call options are not included in the diluted net income per share calculation as their effect would be anti-dilutive.  Should the price of our common stock exceed $21.607 per share we would also include the dilutive effect of the additional potential shares that may be issued related to the warrants, using the treasury stock method.  See “NOTE 5. LONG-TERM DEBT” above for further information regarding our 1.125% Notes, call options, and warrants.

Grants of stock awards under our restricted stock award programs generally require continuing employment for a specified period of time as a condition for vesting of the award.  Grants that have not vested and are subject to a risk of forfeiture are included in the calculation of diluted net income per share using the treasury stock method if the impact of the award is dilutive.  Upon vesting, shares issued under these award programs are included in the calculation of basic net income/(loss) per share.