(Loss) Earnings Per Share

3 Months Ended

Apr. 26, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per Share

The computation of basic and diluted (loss) earnings per common share is as follows:

	Three Months Ended
(in thousands, except per share amounts)	April 26, 2015			April 27, 2014
Net (loss) income	$	(142	)	$	7,867
Weighted average common shares outstanding - basic	66,713			67,300
Dilutive effect of options and restricted stock units	—			670
Weighted average common shares outstanding - diluted	66,713			67,970
Basic (loss) earnings per common share	$	0.00		$	0.12
Diluted (loss) earnings per common share	$	0.00		$	0.12
Anti-dilutive shares not included in the above calculations	2,525			1,662

Basic (loss) earnings per common share is computed by dividing net (loss) income available to common stockholders by the weighted-average number of shares of common stock outstanding during the reporting period. Diluted (loss) earnings per common share incorporates the incremental shares issuable, calculated using the treasury stock method, upon the assumed exercise of stock options and the vesting of restricted stock, except for periods of operating loss for which no common share equivalents are included because their effect would be anti-dilutive.