Income Per Share

9 Months Ended

Nov. 28, 2015

4. Income Per Share

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

	Thirteen Week Period Ended				Thirty-Nine Week Period Ended
	November 28, 2015		November 29, 2014		November 28, 2015		November 29, 2014
Numerator for income per share:
Net income	$	59,543	$	104,846	$	99,848	$	274,141
Add back—interest on convertible notes	—		1,364		—		4,092

Income attributable to common stockholders—diluted	$	59,543	$	106,210	$	99,848	$	278,233

Denominator:
Basic weighted average shares	1,039,867		972,688		1,018,783		968,897
Outstanding options and restricted shares, net	17,411		22,793		18,765		25,330
Convertible notes	—		24,796		—		24,796

Diluted weighted average shares	1,057,278		1,020,277		1,037,548		1,019,023

Basic income per share	$	0.06	$	0.11	$	0.10	$	0.28

Diluted income per share	$	0.06	$	0.10	$	0.10	$	0.27

Due to their antidilutive effect, the following potential common shares have been excluded from the computation of diluted income per share as of November 28, 2015 and November 29, 2014:

	Thirteen Week Period Ended		Thirty-Nine Week Period Ended
	November 28, 2015	November 29, 2014	November 28, 2015	November 29, 2014
Stock options	3,534	4,593	3,534	3,251

During May 2015, $64,089 of the Company’s 8.5% convertible notes due 2015 were converted into 24,762 shares of common stock, pursuant to their terms.