Net Loss Per Common Share

6 Months Ended

Jul. 28, 2012

Net Loss Per Common Share [Abstract]

Earnings Per Share

Net Loss Per Common Share

Basic earnings (loss) per share is computed by dividing reported earnings by the weighted average number of shares of common stock outstanding for the reported period. Diluted earnings (loss) 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 (loss) per share calculations and the number of shares used in the calculation of basic loss per share and diluted loss per share is as follows:

	Three-Month Periods Ended						Six-Month Periods Ended
	July 28, 2012			July 30, 2011			July 28, 2012			July 30, 2011
Net loss (a)	$	(3,845,000	)	$	(4,456,000	)	$	(12,584,000	)	$	(33,386,000	)
Weighted average number of shares of common stock outstanding — Basic	48,853,619			48,131,218			48,745,892			44,393,198
Dilutive effect of stock options, non-vested shares and warrants (b)	—			—			—			—
Weighted average number of shares of common stock outstanding — Diluted	48,853,619			48,131,218			48,745,892			44,393,198
Net loss per common share	$	(0.08	)	$	(0.09	)	$	(0.26	)	$	(0.75	)
Net loss per common share — assuming dilution	$	(0.08	)	$	(0.09	)	$	(0.26	)	$	(0.75	)

(a) The net loss for the six-month periods ended July 28, 2012 and July 30, 2011 include charges totaling $500,000 and $25.7 million, respectively, related to losses on debt extinguishment made during the first quarters of fiscal 2012 and fiscal 2011.

(b) For the three-month periods ended July 28, 2012 and July 30, 2011, approximately 3,768,000 and 6,704,000, 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.