Income (Loss) Per Share

6 Months Ended

Aug. 03, 2013

Earnings Per Share [Abstract]

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 (loss) 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				Twenty-six weeks ended
	August 3, 2013		July 28, 2012		August 3, 2013		July 28, 2012
	(in thousands)				(in thousands)
Weighted average common shares outstanding – basic		33,147		31,537		32,717		31,537
Dilutive effect of employee stock options		—		—		—		106
Weighted average common shares outstanding–diluted		33,147		31,537		32,717		31,643

For the thirteen and twenty-six week periods ended August 3, 2013 and the thirteen week period ended July 28, 2012, the impact of all 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. For the twenty-six week period ended July 28, 2012, the impact of 4.4 million outstanding stock awards was not considered because such impact would be anti-dilutive.