Note 12 - Income (Loss) Per Share

12 Months Ended

Jul. 28, 2012

Earnings Per Share [Text Block]

12.           INCOME (LOSS) PER SHARE

	FOR FISCAL YEARS ENDED
	JULY 28, 2012		JULY 30, 2011		JULY 31, 2010
Numerator:
Net income (loss)	$	5,116	$	1,130	$	(812	)
Denominator:
Weighted average shares outstanding for basic income per share		3,846,880		3,045,923		1,817,464
Effect of dilutive securities		-		-		-
Weighted average shares outstanding for diluted income per share		3,846,880		3,045,923		1,817,464
Income (loss) per basic common share	$	1.33	$	0.37	$	(0.45	)
Income (loss) per diluted common share	$	1.33	$	0.37	$	(0.45	)

Common shares outstanding exclude shares of treasury stock.  The computation of diluted shares outstanding does not include the effect of the assumed exercise of 184,008, 127,246 and 205,055 for employee stock options outstanding as of July 28, 2012, July 30, 2011 and July 31, 2010, respectively.