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Net Loss Per Common Share
 6 Months Ended
Jul. 30, 2011
Net Loss Per Common Share [Abstract]  
Earnings Per Share [Text Block]
Net Loss Per Common Share
Basic earnings per share is computed by dividing reported earnings by the weighted average number of common shares outstanding for the reported period. Diluted earnings 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 of the Company during reported periods.
A reconciliation of earnings per share calculations and the number of shares used in the calculation of basic earnings per share and diluted earnings per share is as follows:
 
 
Three-Month Periods Ended
 
Six-Month Periods Ended
 
 
July 30,

2011
 
July 31,

2010
 
July 30,

2011
 
July 31,

2010
Net loss (a)
 
$
(4,456,000
)
 
$
(7,693,000
)
 
$
(33,386,000
)
 
$
(18,664,000
)
Weighted average number of common shares outstanding — Basic
 
48,131,000


 
32,703,000


 
44,393,000


 
32,691,000


Dilutive effect of stock options, non-vested shares and warrants (b)
 
—


 
—


 
—


 
—


Weighted average number of common shares outstanding — Diluted
 
48,131,000


 
32,703,000


 
44,393,000


 
32,691,000


Net loss per common share
 
$
(0.09
)
 
$
(0.24
)
 
$
(0.75
)
 
$
(0.57
)
Net loss per common share-assuming dilution
 
$
(0.09
)
 
$
(0.24
)
 
$
(0.75
)
 
$
(0.57
)


(a) The net loss for the six-month period ended July 30, 2011 includes a $25.7 million one-time charge related to the early preferred stock debt extinguishment made during the first quarter of fiscal 2011.
(b) For the three-month periods ended July 30, 2011 and July 31, 2010, approximately 6,704,000 and 3,801,000, respectively, incremental in-the-money potentially dilutive common share stock options and warrants have been excluded from the computation of diluted earnings per share, as the effect of their inclusion would be antidilutive. For the six-month periods ended July 30, 2011 and July 31, 2010, approximately 6,483,000 and 4,588,000 respectively, incremental in-the-money potentially dilutive common share stock options and warrants have been excluded from the computation of diluted earnings per share, as the effect of their inclusion would be antidilutive.