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Earnings/(Loss) Per Share
12 Months Ended
Jan. 28, 2012
Earnings/(Loss) Per Share [Abstract]  
Earnings/(Loss) Per Share

Note 14. Earnings/(Loss) per Share

Basic earnings/(loss) per share ("EPS") is computed by dividing net income/(loss) by the weighted-average number of common shares outstanding for the period. Diluted earnings/(loss) per share is similarly computed, and includes the effect, if dilutive, of the Company's weighted-average number of stock options outstanding and shares of deferred stock units.

The following is a reconciliation of the weighted-average number of shares (in thousands) used in the Company's basic and diluted per share computations:

 

Fiscal Year Ended

   Basic
EPS
    Effect of Dilutive Stock
Options and Deferred
Stock Units

(treasury stock method)
    Diluted EPS  

January 28, 2012

      

Shares

     22,263        1,094        23,357   

Earnings

   $ 0.74        ($0.03   $ 0.71   

January 29, 2011

      

Shares

     22,087        534        22,621   

Earnings

   $ 0.13      $ 0.00      $ 0.13   

January 30, 2010

      

Shares

     22,087        —          22,087   

Loss

     ($2.87   $ 0.00        ($2.87

Certain outstanding stock options were not included in the computation of diluted earnings per share because the effect would be anti-dilutive. For the fiscal years ended January 28, 2012, January 29, 2011, and January 30, 2010 there were anti-dilutive options of 1,942,013; 1,988,586 and 3,129,007, respectively.