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NET INCOME (LOSS) PER COMMON SHARE
 3 Months Ended
May 01, 2011
Notes to Financial Statements [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE
14.  NET INCOME (LOSS) PER COMMON SHARE

The Company utilizes the two-class method of calculating basic net income (loss) per common share, as holders of the Company’s Series A convertible preferred stock participate in dividends with holders of the Company’s common stock. Net losses are not allocated to holders of the Series A convertible preferred stock.

The Company computed its basic and diluted net income (loss) per common share as follows:

   
Thirteen Weeks Ended
 
   
5/1/11
  
5/2/10
 
        
Net income (loss)                                                                                                    
 $57,667  $(27,613)
Less:
        
Common stock dividends paid to holders of Series A convertible preferred stock
  (314)  - 
Allocation of income to Series A convertible preferred stock
  (3,088)  - 
Net income (loss) available to common stockholders for basic net income (loss) per common share
  54,265   (27,613)
Add back:
        
Common stock dividends paid to holders of Series A convertible preferred stock
  314   - 
Allocation of income to Series A convertible preferred stock
  3,088   - 
Net income (loss) available to common stockholders for diluted net income (loss) per common share
 $57,667  $(27,613)
          
Weighted average common shares outstanding for
        
  basic net income (loss) per common share                                                                                                    
  66,798   52,279 
Weighted average impact of dilutive securities                                                                                                    
  1,605   - 
Weighted average impact of assumed convertible preferred
        
  stock conversion                                                                                                    
  4,189   - 
Total shares for diluted net income (loss) per common share                                                                                                    
  72,592   52,279 
          
Basic net income (loss) per common share                                                                                                    
 $0.81  $(0.53)
          
Diluted net income (loss) per common share                                                                                                    
 $0.79  $(0.53)

Potentially dilutive securities excluded from the calculation of diluted net income (loss) per common share were as follows:
 
Thirteen Weeks Ended
 
5/1/11
5/2/10
     
Weighted average potentially dilutive securities                                                                                                    
   245    
  4,611

Contingently issuable shares that have not met the necessary conditions as of the end of a reporting period are not included in the calculation of diluted net income (loss) per common share for that period. The Company had contingently issuable awards outstanding that did not meet the performance conditions as of May 1, 2011 and May 2, 2010 and, therefore, were excluded from the calculation of diluted net income (loss) per common share for the thirteen weeks ended May 1, 2011 and May 2, 2010. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 696 and 185 as of May 1, 2011 and May 2, 2010, respectively.