Basic and Diluted Net Loss Per Common Share

9 Months Ended

Nov. 02, 2013

BASIC AND DILUTED NET LOSS PER COMMON SHARE [Abstract]

Basic and Diluted Net Loss Per Common Share

BASIC AND DILUTED NET INCOME (LOSS) PER COMMON SHARE

Basic net income (loss) per common share has been computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period.

Diluted net income (loss) per common share includes, in periods in which they are dilutive, the effect of those common stock equivalents where the average market price of the common stock exceeds the exercise prices for the respective periods.

Weighted average number of shares used for income (loss) per share is as follows:

	Thirteen Weeks Ended November 2, 2013	Thirteen Weeks Ended October 27, 2012	Thirty-nine Weeks Ended November 2, 2013	Thirty-nine Weeks Ended October 27, 2012
Weighted average number of shares - basic	15,355,656	15,303,800	15,354,072	13,442,162
Common stock equivalents	41,274	—	—	—
Weighted average number of shares - diluted	15,396,930	15,303,800	15,354,072	13,442,162

During the thirteen and thirty-nine weeks ended November 2, 2013, there were 7,255,094 and 7,489,489 potential shares of common stock related to stock options and warrants which were excluded from the diluted income (loss) per share calculation because the effect of including these potential shares was antidilutive. During the thirteen and thirty-nine weeks ended October 27, 2012, there were 7,550,518 potential shares of common stock which were excluded from the diluted loss per share calculation because the effect of including these potential shares was antidilutive.