Net Income (Loss) Per Common Share (Notes)

3 Months Ended

May 04, 2013

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

Net Income (Loss) Per Common Share

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

	Three-Month Periods Ended
	May 4, 2013		April 28, 2012
Net income (loss) (a)	$	1,023,000	$	(8,739,000	)
Weighted average number of shares of common stock outstanding — Basic	49,226,515		48,638,164
Dilutive effect of stock options, non-vested shares and warrants (b)	5,427,159		—
Weighted average number of shares of common stock outstanding — Diluted	54,653,674		48,638,164
Net income (loss) per common share	$	0.02	$	(0.18	)
Net income (loss) per common share — assuming dilution	$	0.02	$	(0.18	)

(a) The net loss for the three-month period ended April 28, 2012 includes a loss on debt extinguishment charge totaling $500,000 incurred during the first quarter of fiscal 2012.

(b) For the three-month period ended April 28, 2012, approximately 3,642,000 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.