Net Income (Loss) Per Common Share (Notes)

3 Months Ended

May 03, 2014

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

Net Income Per Common Share

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

	Three-Month Periods Ended
	May 3, 2014		May 4, 2013
Net income (a)	$	460,000	$	1,023,000
Weighted average number of shares of common stock outstanding — Basic	49,844,253		49,226,515
Dilutive effect of stock options, non-vested shares and warrants	6,496,717		5,427,159
Weighted average number of shares of common stock outstanding — Diluted	56,340,970		54,653,674
Net income per common share	$	0.01	$	0.02
Net income per common share — assuming dilution	$	0.01	$	0.02

(a) The net income for the three-month period ended May 3, 2014 includes costs related to an activist shareholder response of $1,045,000.