Net Income (Loss) Per Share

6 Months Ended

Aug. 03, 2013

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Income (Loss) Per Share

Net income (loss) per share, basic, is computed based on the weighted-average number of common shares outstanding for the period, including consideration of the two-class method with respect to certain of the Company’s other equity securities (see below). Net income (loss) per share, diluted, is computed based on the weighted-average number of common and potentially dilutive common equivalent shares outstanding for the period, also with consideration given to the two-class method.

While the Company historically has paid no cash dividends, participants in the Company’s equity compensation plans who were granted restricted stock and performance shares are allowed to receive cash dividends paid on unvested restricted stock and unvested performance shares. The Company’s unvested restricted stock and unvested performance shares also qualify as participating securities and are included in the computation of earnings per share pursuant to the two-class method. Restricted stock units and performance stock units are not participating securities. For the dilutive computation, under the two-class method, determination of whether the unvested share-based payment awards are dilutive is based on the application of the “treasury stock” method and whether the performance criteria has been met. For the 13 and 26 weeks endedJuly 28, 2012, the Company incurred a net loss and there was no dilutive effect of any unvested share-based payment awards.

The two-class method requires allocation of undistributed earnings per share between the common stock and unvested share-based payment awards based on the dividend and other distribution participation rights under each of these securities.

The following table summarizes the allocation of undistributed earnings among common stock and other participating securities using the two-class method and reconciles the weighted average common shares used in the computation of basic and diluted earnings per share (in thousands, except share data):

	13 Weeks Ended
	August 3, 2013						July 28, 2012
	Net Income			Shares	Per Share Amount		Net Loss			Shares	Per Share Amount
Net income (loss) per share, basic:
Net income (loss)	$	958					$	(12,369	)
Less: Undistributed earnings allocable to participating securities	(12		)				—
Net income (loss) per share, basic	$	946		85,800,626	$	0.01	$	(12,369	)	88,585,063	$	(0.14	)
Net income (loss) per share, diluted:
Net income (loss)	$	958					$	(12,369	)
Less: Undistributed earnings allocable to participating securities	(12		)				—
Effect of dilutive securities				174,403						—
Net income (loss) per share, diluted	$	946		85,975,029	$	0.01	$	(12,369	)	88,585,063	$	(0.14	)

	26 Weeks Ended
	August 3, 2013						July 28, 2012
	Net Income			Shares	Per Share Amount		Net Loss			Shares	Per Share Amount
Net income (loss) per share, basic:
Net income (loss)	$	4,068					$	(12,642	)
Less: Undistributed earnings allocable to participating securities	(46		)				—
Net income (loss) per share, basic	$	4,022		87,178,655	$	0.05	$	(12,642	)	88,536,020	$	(0.14	)
Net income (loss) per share, diluted:
Net income (loss)	$	4,068					$	(12,642	)
Less: Undistributed earnings allocable to participating securities	(46		)				—
Effect of dilutive securities				64,757						—
Net income (loss) per share, diluted	$	4,022		87,243,412	$	0.05	$	(12,642	)	88,536,020	$	(0.14	)

The computations of net income (loss) per share, diluted, excluded the following potentially dilutive securities exercisable into Class A common stock for the 13 and 26 weeks ended August 3, 2013, and July 28, 2012, respectively, because their effect would not have been dilutive.

	13 Weeks Ended		26 Weeks Ended
	August 3, 2013	July 28, 2012	August 3, 2013	July 28, 2012
Stock options outstanding	237,977	2,737,632	487,735	2,712,136
Unvested restricted and performance stock awards and units	1,366,185	1,813,329	1,171,813	1,916,896
Total	1,604,162	4,550,961	1,659,548	4,629,032