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Net Loss Per Common Share
9 Months Ended
Oct. 28, 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
 
Nine-Month Periods Ended
 
 
October 28,
2017
 
October 29,
2016
 
October 28,
2017
 
October 29,
2016
Net loss (a)
 
$
(1,103,000
)
 
$
(3,867,000
)
 
$
(6,290,000
)
 
$
(10,792,000
)
Weighted average number of shares of common stock outstanding — Basic
 
65,191,367

 
60,513,215

 
63,400,368

 
58,317,681

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

 

 

 

Weighted average number of shares of common stock outstanding — Diluted
 
65,191,367

 
60,513,215

 
63,400,368

 
58,317,681

Net loss per common share
 
$
(0.02
)
 
$
(0.06
)
 
$
(0.10
)
 
$
(0.19
)
Net loss per common share — assuming dilution
 
$
(0.02
)
 
$
(0.06
)
 
$
(0.10
)
 
$
(0.19
)
(a) The net loss for the three and nine-month periods ended October 28, 2017 includes costs related to executive and management transition of $893,000 and $1,971,000 and loss on debt extinguishment of $221,000 and $1,134,000. The net loss for the three and nine-month periods ended October 29, 2016 includes costs related to executive and management transition of $568,000 and $4,411,000 and distribution facility consolidation and technology upgrade costs totaling $150,000 and $530,000.
(b) For the three and nine-month periods ended October 28, 2017, there were -0- incremental in-the-money potentially dilutive common shares outstanding, and approximately 796,000 and 58,000 for the three and nine-month periods ended October 29, 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.