Income (Loss) Per Share

9 Months Ended

Dec. 01, 2012

Income (Loss) Per Share

Income (Loss) Per Share

2. Income (Loss) Per Share

        Basic income (loss) per share is computed by dividing income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted income (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						Thirty-Nine Week Period Ended
	December 1, 2012			November 26, 2011			December 1, 2012			November 26, 2011
Numerator for income (loss) per share:
Net income (loss)	$	61,871		$	(51,985	)	$	(4,982	)	$	(207,321	)
Accretion of redeemable preferred stock		(26	)		(26	)		(77	)		(77	)
Cumulative preferred stock dividends		(2,651	)		(2,498	)		(7,837	)		(7,384	)
Income (loss) attributable to common stockholders—basic	$	59,194		$	(54,509	)	$	(12,896	)	$	(214,782	)
Plus: Interest on convertible notes		1,334			—			—			—
Income (loss) attributable to common stockholders—diluted	$	60,528		$	(54,509	)	$	(12,896	)	$	(214,782	)
Denominator:
Basic weighted average shares		891,031			886,629			889,187			885,388
Outstanding options, net		1,977			—			—			—
Convertible notes		24,800			—			—			—
Diluted weighted average shares		917,808			886,629			889,187			885,388
Basic and diluted income (loss) per share	$	0.07		$	(0.06	)	$	(0.01	)	$	(0.24	)

        Due to their anti-dilutive effect, the following potential common shares have been excluded from the computation of diluted income (loss) per share as of December 1, 2012 and November 26, 2011:

	Thirteen Week Period Ended				Thirty-Nine Week Period Ended
	December 1, 2012		November 26, 2011		December 1, 2012		November 26, 2011
Stock options		70,868		76,537		83,169		76,537
Convertible notes		—		24,800		24,800		24,800
Convertible preferred stock		32,619		30,734		32,619		30,734
		103,487		132,071		140,588		132,071

        Also excluded from the computation of diluted income (loss) per share as of December 1, 2012 and November 26, 2011 are restricted shares and restricted stock units of 12,753 and 11,567, respectively, which are included in shares outstanding.