Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Feb. 03, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
A reconciliation of net income (loss) per share calculations and the number of shares used in the calculation of basic net income (loss) per share and diluted net income (loss) per share is as follows:
 
 
For the Years Ended
 
 
February 3,
2018
 
January 28,
2017
 
January 30,
2016
Net income (loss) (a)
 
$
143,000

 
$
(8,745,000
)
 
$
(12,284,000
)
Weighted average number of common shares outstanding — Basic
 
63,870,046

 
59,784,594

 
57,004,321

Dilutive effect of stock options, non-vested shares and warrants (b)
 
98,253

 
—

 
—

Weighted average number of common shares outstanding — Diluted
 
63,968,299

 
59,784,594

 
57,004,321

 
 
 
 
 
 
 
Net income (loss) per common share
 
$
0.00

 
$
(0.15
)
 
$
(0.22
)
Net income (loss) per common share — assuming dilution
 
$
0.00

 
$
(0.15
)
 
$
(0.22
)

(a) The net income (loss) for fiscal 2017, fiscal 2016 and fiscal 2015 includes executive and management transition costs of $2,145,000, $4,411,000 and $3,549,000. The net income for fiscal 2017 includes a loss on debt extinguishment of $1,457,000 and a gain on the sale of television station of $551,000. In addition, fiscal 2016 and fiscal 2015 net losses include distribution facility consolidation and technology upgrade costs of $677,000 and $1,347,000.
(b) For fiscal 2016 and fiscal 2015, approximately 119,000 and -0- 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.