Net Income (Loss) Per Common Share (Notes)

6 Months Ended

Aug. 02, 2014

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 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						Six-Month Periods Ended
	August 2, 2014			August 3, 2013			August 2, 2014			August 3, 2013
Net income (loss) (a)	$	(4,289,000	)	$	(799,000	)	$	(3,829,000	)	$	224,000
Weighted average number of shares of common stock outstanding — Basic	52,199,792			49,406,562			51,022,023			49,316,539
Dilutive effect of stock options, non-vested shares and warrants (b)	—			—			—			5,890,404
Weighted average number of shares of common stock outstanding — Diluted	52,199,792			49,406,562			51,022,023			55,206,943
Net income (loss) per common share	$	(0.08	)	$	(0.02	)	$	(0.08	)	$	—
Net income (loss) per common share — assuming dilution	$	(0.08	)	$	(0.02	)	$	(0.08	)	$	—

(a) The net loss for the three and six-month periods ended August 2, 2014 includes costs related to an activist shareholder response of $2,473,000 and $3,518,000, respectively, and costs related to CEO transition of $2,620,000.

(b) For the three and six-month periods ended August 2, 2014, approximately 3,891,000 and 5,182,000, respectively, incremental in-the-money potentially dilutive common share options have been excluded from the computation of diluted earnings per share, as the effect of their inclusion would be antidilutive. For the three-month period ended August 3, 2013, approximately 6,631,000 incremental in-the-money potentially dilutive common share options have been excluded from the computation of diluted earnings per share, as the effect of their inclusion would be antidilutive.