Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-Month Periods Ended |
|
Six-Month Periods Ended |
|
|
|
July 31, |
|
August 1, |
|
July 31, |
|
August 1, |
|
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss) income |
|
$ |
(4,381,000) |
|
$ |
1,054,000 |
|
$ |
(7,759,000) |
|
$ |
(5,774,000) |
|
Earnings allocated to participating share awards (a) |
|
|
— |
|
|
(5,000) |
|
|
— |
|
|
— |
|
Net (loss) income attributable to common shares — Basic and diluted |
|
$ |
(4,381,000) |
|
$ |
1,049,000 |
|
$ |
(7,759,000) |
|
$ |
(5,774,000) |
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding — Basic (b) |
|
|
19,101,652 |
|
|
9,532,369 |
|
|
17,314,317 |
|
|
8,911,580 |
|
Dilutive effect of stock options, non-vested shares and warrants (c) |
|
|
— |
|
|
364,360 |
|
|
— |
|
|
— |
|
Weighted average number of common shares outstanding — Diluted |
|
|
19,101,652 |
|
|
9,896,729 |
|
|
17,314,317 |
|
|
8,911,580 |
|
Net (loss) income per common share |
|
$ |
(0.23) |
|
$ |
0.11 |
|
$ |
(0.45) |
|
$ |
(0.65) |
|
Net (loss) income per common share — assuming dilution |
|
$ |
(0.23) |
|
$ |
0.11 |
|
$ |
(0.45) |
|
$ |
(0.65) |
|
|
(a) |
During fiscal 2018, the Company issued a restricted stock award that is a participating security. For the three- and six- month periods ended July 31, 2021 and for the six-month period ended August 1, 2020, the entire undistributed loss is allocated to common shareholders. |
|
(b) |
For the three and six-month periods ended July 31, 2021, the basic earnings per share computation included 21,000 outstanding fully-paid warrants to purchase shares of the Company’s common stock at a price of $0.001 per share.
|
|
(c) |
For the six--month periods ended July 31, 2021 and August 1, 2020 there were 650,000 and 218,000 incremental in-the-money potentially dilutive common shares outstanding. The incremental in-the-money potentially dilutive common stock shares are excluded from the computation of diluted earnings per share, as the effect of their inclusion would be anti-dilutive.
|
|