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
	May 5, 2018			April 29, 2017
Net loss (a)	$	(2,986,000	)	$	(3,196,000	)
Weighted average number of shares of common stock outstanding — Basic	65,360,951			60,918,508
Dilutive effect of stock options, non-vested shares and warrants (b)	—			—
Weighted average number of shares of common stock outstanding — Diluted	65,360,951			60,918,508
Net loss per common share	$	(0.05	)	$	(0.05	)
Net loss per common share — assuming dilution	$	(0.05	)	$	(0.05	)

(a) The net loss for the three-month period ended May 5, 2018 includes costs related to executive and management transition of $1,024,000 and contract termination costs of $753,000. The net loss for the three-month period ended April 29, 2017 includes costs related to executive and management transition of $506,000 and a loss on debt extinguishment of $913,000.

(b) For the three-month periods ended May 5, 2018 and April 29, 2017, there were no incremental in-the-money potentially dilutive common stock options excluded from the computation of diluted earnings per share, as the effect of their inclusion would be anti-dilutive.