Note 2 - Loss Per Share

9 Months Ended

Feb. 28, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

2.

Loss Per Share

Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during each period presented. Diluted earnings per share gives effect to stock options and restricted stock outstanding during the applicable periods, except during loss periods as the effect would be anti-dilutive. The following table reflects the calculation of weighted average common and dilutive potential common shares outstanding as presented in the accompanying

Condensed Consolidated Statements of Operations and Comprehensive Loss (in thousands, except per-share data):

	Thirteen Weeks Ended						Thirty-nine Weeks Ended
	February 28, 2017			March 1, 2016			February 28, 2017			March 1, 2016
Net loss	$	(19,805	)	$	(3,086	)	$	(97,453	)	$	(23,079	)
Weighted-average common shares outstanding		60,262			60,918			60,074			61,239
Dilutive effect of stock options and restricted stock		–			–			–			–
Weighted average common and dilutive potential  common shares outstanding		60,262			60,918			60,074			61,239
Basic loss per share	$	(0.33	)	$	(0.05	)	$	(1.62	)	$	(0.38	)
Diluted loss per share	$	(0.33	)	$	(0.05	)	$	(1.62	)	$	(0.38	)

The following table summarizes on a weighted-average basis stock options, restricted stock, and restricted stock units that were excluded from the computation of diluted loss per share because their inclusion would have had an anti-dilutive effect (in thousands):

	Thirteen weeks ended		Thirty-nine weeks ended
	February 28, 2017	March  1, 2016	February 28, 2017	March  1, 2016
Stock options	1,927	2,140	2,422	2,509
Restricted shares / Restricted share units	565	871	635	862
Total	2,492	3,011	3,057	3,371