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Loss Per Share
3 Months Ended
May 28, 2011
Loss Per Share  
Loss Per Share

2. Loss Per Share

        Basic loss per share is computed by dividing loss available to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted loss 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 that then shared in the income of the Company subject to anti-dilution limitations.

 
  Thirteen Week
Period Ended
 
 
  May 28,
2011
  May 29,
2010
 

Numerator for loss per share:

             
 

Net loss

  $ (63,082 ) $ (73,684 )
 

Accretion of redeemable preferred stock

    (25 )   (25 )
 

Cumulative preferred stock dividends

    (2,425 )   (2,285 )
           
 

Loss attributable to common stockholders, basic and diluted

  $ (65,532 ) $ (75,994 )
           

Denominator:

             
 

Basic and diluted weighted average shares

    883,915     881,732  
           
 

Basic and diluted loss per share

  $ (0.07 ) $ (0.09 )
           

        Due to their antidilutive effect, the following potential common shares have been excluded from the computation of diluted loss per share as of May 28, 2011 and May 29, 2010:

 
  Thirteen Week
Period Ended
 
 
  May 28,
2011
  May 29,
2010
 

Stock options

    63,779     75,089  

Restricted stock units

    669      

Convertible preferred stock

    29,832     28,107  

Convertible debt

    24,800     61,045  
           

 

    119,080     164,241  
           

        Also excluded from the computation of diluted loss per share as of May 28, 2011 and May 29, 2010 are restricted shares of 6,263 and 5,886, respectively, which are included in shares outstanding.