Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.7.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jan. 28, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
A reconciliation of net loss per share calculations and the number of shares used in the calculation of basic net loss per share and diluted net loss per share is as follows:
 
 
For the Years Ended
 
 
January 28,
2017
 
January 30,
2016
 
January 31,
2015
Net loss (a)
 
$
(8,745,000
)
 
$
(12,284,000
)
 
$
(1,378,000
)
Weighted average number of common shares outstanding — Basic
 
59,784,594

 
57,004,321

 
53,458,662

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

 

 

Weighted average number of common shares outstanding — Diluted
 
59,784,594

 
57,004,321

 
53,458,662

 
 
 
 
 
 
 
Net loss per common share
 
$
(0.15
)
 
$
(0.22
)
 
$
(0.03
)
Net loss per common share — assuming dilution
 
$
(0.15
)
 
$
(0.22
)
 
$
(0.03
)

(a) The net losses for fiscal 2016, fiscal 2015 and fiscal 2014 includes executive and management transition costs of $4,411,000, $3,549,000 and $5,520,000, respectively. In addition, fiscal 2016 and fiscal 2015 includes distribution facility consolidation and technology upgrade costs of $677,000 and $1,347,000, respectively. The net loss for fiscal 2014 includes activist shareholder response charges $3,518,000.
(b) For fiscal 2016, fiscal 2015 and fiscal 2014, approximately 119,000, -0- and 3,118,000, respectively, incremental in-the-money potentially dilutive common share stock options and, with respect to fiscal 2016, warrants have been excluded from the computation of diluted earnings per share, as the effect of their inclusion would be anti-dilutive.