Income(Loss) Per Share

3 Months Ended

Apr. 28, 2012

Earnings Per Share [Text Block]

Note 9. Income(Loss) Per Share

Basic income(loss) per share is calculated by dividing net income(loss) by the weighted average common shares outstanding for the period. Diluted income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock (net of any assumed repurchases) that then shared in the earnings of the Company, if any. It is computed by dividing net income by the sum of the weighted average shares outstanding and additional common shares that would have been outstanding if the dilutive potential common shares had been issued for the Company’s common stock awards from the Company’s Stock Award Plans.

Weighted average shares are calculated as follows:

	Thirteen weeks ended
	April 28, 2012		April 30, 2011
	(in thousands)
Weighted average common shares outstanding – basic		31,535		31,425
Dilutive effect of employee stock options		675		—
Weighted average common shares outstanding–diluted		32,210		31,425
Anti-dilutive stock options		4,784		4,808

For the thirteen week period ended April 30, 2011, the impact of outstanding stock awards was not considered because the Company reported a net loss and such impact would be anti-dilutive. Accordingly, basic and diluted loss per share is the same.