Net Loss Per Common Share (Notes)

3 Months Ended

Apr. 30, 2016

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
	April 30, 2016			May 2, 2015
Net loss (a)	$	(4,942,000	)	$	(4,728,000	)
Weighted average number of shares of common stock outstanding — Basic	57,181,155			56,640,767
Dilutive effect of stock options, non-vested shares and warrants (b)	—			—
Weighted average number of shares of common stock outstanding — Diluted	57,181,155			56,640,767
Net loss per common share	$	(0.09	)	$	(0.08	)
Net loss per common share — assuming dilution	$	(0.09	)	$	(0.08	)

(a) The net loss for the three-month period ended April 30, 2016 includes costs related to executive and management transition of $3,601,000 and distribution facility consolidation and technology upgrade costs totaling $80,000. The net loss for the three-month period ended May 2, 2015 includes costs related to executive and management transition of $2,590,000.

(b) For the three-month period ended April 30, 2016, there were -0- incremental in-the-money potentially dilutive common shares. For the three-month period ended May 2, 2015, approximately 741,000 incremental in-the-money potentially dilutive common shares have been excluded from the computation of diluted earnings per share, as the effect of their inclusion would be antidilutive.