Net Income (Loss) Per Common Share (Notes)

9 Months Ended

Oct. 31, 2015

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

Net Loss Per Common Share

Basic net 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 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 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 31, 2015			November 1, 2014			October 31, 2015			November 1, 2014
Net loss (a)	$	(5,175,000	)	$	(808,000	)	$	(12,951,000	)	$	(4,637,000	)
Weighted average number of shares of common stock outstanding — Basic	57,125,435			55,433,419			56,952,952			52,492,488
Dilutive effect of stock options, non-vested shares and warrants (b)	—			—			—			—
Weighted average number of shares of common stock outstanding — Diluted	57,125,435			55,433,419			56,952,952			52,492,488
Net loss per common share	$	(0.09	)	$	(0.01	)	$	(0.23	)	$	(0.09	)
Net loss per common share — assuming dilution	$	(0.09	)	$	(0.01	)	$	(0.23	)	$	(0.09	)

(a) The net loss for the three and nine-month periods ended October 31, 2015 includes costs related to executive and management transition of $754,000 and $3,549,000, respectively, and distribution facility consolidation and technology upgrade costs totaling $294,000 and $1,266,000 for the three and nine-month periods ended October 31, 2015, respectively. The net loss for the three and nine-month periods ended November 1, 2014 includes costs related to an activist shareholder response of $0 and $3,518,000, respectively, and costs related to executive and management transition of $2,415,000 and $5,035,000 for the three and nine-month periods ended November 1, 2014, respectively.

(b) For the three and nine-month periods ended October 31, 2015, approximately -0- and 71,000 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. For the three and nine-month periods ended November 1, 2014, approximately 735,000 and 3,699,000 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.