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(Loss) Income Per Share
 9 Months Ended
Dec. 02, 2017
(Loss) Income Per Share  
(Loss) Income Per Share

4. (Loss) Income Per Share

 

Basic (loss) 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 (loss) 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

 

 

 

December 2,
 2017

 

November 26, 
2016

 

December 2, 
2017

 

November 26, 
2016

 

Basic and diluted (loss) income per share:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income from continuing operations

 

$
(18,182

)

$
23,610

 

$
134,141

 

$
29,134

 

Net income (loss) from discontinued operations, net of tax

 
99,213

 
(8,600

)
42,257

 
(3,939

)

 

 

 

 

 

 

 

 

 

 

Income (loss) attributable to common stockholders basic and diluted

 

$
81,031

 

$
15,010

 

$
176,398

 

$
25,195

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic weighted average shares

 
1,048,502

 
1,045,028

 
1,048,342

 
1,043,887

 

Outstanding options and restricted shares, net

 
7,367

 
15,735

 
18,948

 
17,117

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted-average shares

 
1,055,869

 
1,060,763

 
1,067,290

 
1,061,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted (loss) earnings per share:

 

 

 

 

 

 

 

 

 

Continuing operations

 

$
(0.02

)

$
0.02

 

$
0.13

 

$
0.03

 

Discontinued operations

 
0.10

 
(0.01

)
0.04

 
(0.01

)

 

 

 

 

 

 

 

 

 

 

Net earnings per share

 

$
0.08

 

$
0.01

 

$
0.17

 

$
0.02

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to their antidilutive effect, 9,861 and 3,320 potential common shares related to stock options have been excluded from the computation of diluted income per share for the thirteen week period ended December 2, 2017 and November 26, 2016, respectively. Due to their antidilutive effect, 5,195 and 3,320 potential common shares related to stock options have been excluded from the computation of diluted income per share for the thirty-nine week period ended December 2, 2017 and November 26, 2016, respectively.