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Income Per Share (Tables)
9 Months Ended
Nov. 28, 2015
Income Per Share  
Schedule of calculation of basic and diluted income per share

 

 

 

 

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 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of antidilutive effect of potential common shares, excluded from computation of diluted income per share

 

 

 

 

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