Net Loss Per Common Share (Notes)

6 Months Ended

Jul. 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						Six-Month Periods Ended
	July 30, 2016			August 1, 2015			July 30, 2016			August 1, 2015
Net loss (a)	$	(1,983,000	)	$	(3,048,000	)	$	(6,925,000	)	$	(7,776,000	)
Weighted average number of shares of common stock outstanding — Basic	57,258,672			57,092,654			57,219,914			56,866,711
Dilutive effect of stock options, non-vested shares and warrants (b)	—			—			—			—
Weighted average number of shares of common stock outstanding — Diluted	57,258,672			57,092,654			57,219,914			56,866,711
Net loss per common share	$	(0.03	)	$	(0.05	)	$	(0.12	)	$	(0.14	)
Net loss per common share — assuming dilution	$	(0.03	)	$	(0.05	)	$	(0.12	)	$	(0.14	)

(a) The net loss for the three and six-month periods ended July 30, 2016 includes costs related to executive and management transition of $242,000 and $3,843,000, respectively, and distribution facility consolidation and technology upgrade costs totaling $300,000 and $380,000, respectively. The net loss for the three and six-month periods ended August 1, 2015 includes costs related to executive and management transition of $205,000 and $2,795,000, respectively, and distribution facility consolidation and technology upgrade costs totaling $972,000 for the three and six month periods ending August 1, 2015.

(b) For the three and six-month periods ended July 30, 2016, approximately 162,000 and -0-, respectively, 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. For the three and six-month periods ended August 1, 2015, approximately -0- and 148,000, respectively, 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.