Net loss per Share

9 Months Ended

Nov. 24, 2012

Earnings Per Share [Abstract]

Net Income per Share

Note 9 – Net loss per Share

Basic net loss per share has been computed based upon the weighted average common shares outstanding. Diluted net loss per share gives effect to the potential dilution that would have occurred if options were exercised. The following table sets forth basic and diluted average shares and the related net loss per share:

	For the Nine			For the Thirty-Five
	Weeks Ended			Weeks Ended
	October 29, 2011			October 29, 2011
	(in thousands, except per share amounts)
	(Unaudited)
Basic and diluted net loss per share:
Net loss	$	(65,955	)	$	(76,027	)
Average shares outstanding –  basic and diluted		14,448			14,448
Basic and diluted net loss per share	$	(4.56	)	$	(5.26	)

Options to purchase 97,500 shares of common stock were excluded from the computation of diluted weighted average shares for the nine and thirty-five week periods ended October 29, 2011 because the options’ exercise prices were greater than the average market price of the common shares.