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Net Loss Per Common Share
9 Months Ended
Oct. 27, 2012
Net Loss Per Common Share [Abstract]  
Earnings Per Share
Net Loss Per Common Share
Basic loss per share is computed by dividing reported loss by the weighted average number of shares of common stock outstanding for the reported period. Diluted 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 net 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
 
Nine-Month Periods Ended
 
 
October 27,
2012
 
October 29,
2011
 
October 27,
2012
 
October 29,
2011
Net loss (a)
 
$
(3,675,000
)
 
$
(6,350,000
)
 
$
(16,259,000
)
 
$
(39,736,000
)
Weighted average number of shares of common stock outstanding — Basic
 
48,931,464

 
48,472,205

 
48,807,749

 
45,752,867

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

 

 

 

Weighted average number of shares of common stock outstanding — Diluted
 
48,931,464

 
48,472,205

 
48,807,749

 
45,752,867

Net loss per common share
 
$
(0.08
)
 
$
(0.13
)
 
$
(0.33
)
 
$
(0.87
)
Net loss per common share — assuming dilution
 
$
(0.08
)
 
$
(0.13
)
 
$
(0.33
)

$
(0.87
)

(a) The net loss for the nine-month periods ended October 27, 2012 and October 29, 2011 include charges totaling $500,000 and $25.7 million, respectively, related to losses on debt extinguishment incurred during the first quarters of fiscal 2012 and fiscal 2011.
(b) For the three-month periods ended October 27, 2012 and October 29, 2011, approximately 4,233,000 and 5,018,000, respectively, incremental in-the-money potentially dilutive common share stock options and warrants have been excluded from the computation of diluted loss per share, as the effect of their inclusion would be antidilutive. For the nine-month periods ended October 27, 2012 and October 29, 2011, approximately 3,838,000 and 6,021,000, respectively, incremental in-the-money potentially dilutive common share stock options and warrants have been excluded from the computation of diluted loss per share, as the effect of their inclusion would be antidilutive.