Net Loss Per Share

9 Months Ended

Nov. 02, 2013

Earnings Per Share [Abstract]

Net Loss Per Share

Net Loss Per Share

Net 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 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 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 39 weeks ended November 2, 2013, and October 27, 2012, the Company incurred a net loss and there was no dilutive effect of any unvested share-based payment awards.

The computations of net loss per share, diluted, excluded the following potentially dilutive securities exercisable into Class A common stock for the 13 and 39 weeks ended November 2, 2013, and October 27, 2012, respectively, because their effect would have been anti-dilutive.

	13 Weeks Ended		39 Weeks Ended
	November 2, 2013	October 27, 2012	November 2, 2013	October 27, 2012
Stock options outstanding	567,225	2,592,016	471,806	2,592,419
Unvested restricted and performance stock awards and units	1,389,281	838,225	1,290,574	1,560,491
Total	1,956,506	3,430,241	1,762,380	4,152,910