| Computation of Earnings Per Common Share |
Computation of Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings (loss) per common share: | | | | | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | January 24, 2015 | | January 25, 2014 | | January 24, 2015 | | January 25, 2014 | | (Dollars in thousands, except per share amounts) | Net income (loss) available to common stockholders (numerator) | $ | 9,432 |
| | $ | (3,067 | ) | | $ | 30,239 |
| | $ | 15,593 |
| | | | | | | | | Weighted-average number of common shares (denominator) | 34,125,829 |
| | 33,836,099 |
| | 34,067,983 |
| | 33,629,884 |
| | | | | | | | | Basic earnings (loss) per common share | $ | 0.28 |
| | $ | (0.09 | ) | | $ | 0.89 |
| | $ | 0.46 |
| | | | | | | | | Weighted-average number of common shares | 34,125,829 |
| | 33,836,099 |
| | 34,067,983 |
| | 33,629,884 |
| Potential common stock arising from stock options, and unvested restricted share units | 1,001,569 |
| | — |
| | 1,054,547 |
| | 1,138,061 |
| Total shares-diluted (denominator) | 35,127,398 |
| | 33,836,099 |
| | 35,122,530 |
| | 34,767,945 |
| | | | | | | | | Diluted earnings (loss) per common share | $ | 0.27 |
| | $ | (0.09 | ) | | $ | 0.86 |
| | $ | 0.45 |
| | | | | | | | | Anti-dilutive weighted shares excluded from the calculation of earnings (loss) per common share | 283,380 |
| | 3,440,300 |
| | 445,254 |
| | 753,914 |
|
For the three months ended January 25, 2014, all common stock equivalents related to stock options and unvested restricted shares and restricted share units were excluded from the diluted loss per share calculation as their effect would be anti-dilutive due to the Company's net loss for the period. |