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Net Loss Per Common Share
 6 Months Ended
Jul. 29, 2017
Earnings Per Share [Abstract]  
Net 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 net 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 29,
2017
 
July 30,
2016
 
July 29,
2017
 
July 30,
2016
Net loss (a)
 
$
(1,991,000
)
 
$
(1,983,000
)
 
$
(5,187,000
)
 
$
(6,925,000
)
Weighted average number of shares of common stock outstanding — Basic
 
64,091,228

 
57,258,672

 
62,504,868

 
57,219,914

Dilutive effect of stock options, non-vested shares and warrants (b)
 
—

 
—

 
—

 
—

Weighted average number of shares of common stock outstanding — Diluted
 
64,091,228

 
57,258,672

 
62,504,868

 
57,219,914

Net loss per common share
 
$
(0.03
)
 
$
(0.03
)
 
$
(0.08
)
 
$
(0.12
)
Net loss per common share — assuming dilution
 
$
(0.03
)
 
$
(0.03
)
 
$
(0.08
)
 
$
(0.12
)
(a) The net loss for the three and six-month periods ended July 29, 2017 includes costs related to executive and management transition of $572,000 and $1,078,000 and loss on debt extinguishment of $0 and $913,000. 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 and distribution facility consolidation and technology upgrade costs totaling $300,000 and $380,000.
(b) For the three and six-month periods ended July 29, 2017, there were -0- incremental in-the-money potentially dilutive common shares outstanding, and approximately 162,000 and -0- for the three and six-month periods ended July 30, 2016. Incremental in-the-money potentially dilutive common shares are excluded from the computation of diluted earnings per share, as the effect of their inclusion would be antidilutive.