Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v3.10.0.1
Net Loss Per Common Share
6 Months Ended
Aug. 04, 2018
Earnings Per Share [Abstract]  
Net Loss Per Common Share
Net Loss Per Common Share
Basic net loss per share is computed by dividing reported loss by the weighted average number of shares of common stock outstanding for the reported period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock of the Company during reported periods.
A reconciliation of net loss per share calculations and the number of shares used in the calculation of basic loss per share and diluted loss per share is as follows:
 
 
Three-Month Periods Ended
 
Six-Month Periods Ended
 
 
August 4,
2018
 
July 29,
2017
 
August 4,
2018
 
July 29,
2017
Net loss (a)
 
$
(40,000
)
 
$
(1,991,000
)
 
$
(3,026,000
)
 
$
(5,187,000
)
Weighted average number of shares of common stock outstanding — Basic
 
66,009,117

 
64,091,228

 
65,685,034

 
62,504,868

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

 

 

 

Weighted average number of shares of common stock outstanding — Diluted
 
66,009,117

 
64,091,228

 
65,685,034

 
62,504,868

Net loss per common share
 
$
(0.00
)
 
$
(0.03
)
 
$
(0.05
)
 
$
(0.08
)
Net loss per common share — assuming dilution
 
$
(0.00
)
 
$
(0.03
)
 
$
(0.05
)
 
$
(0.08
)
(a) The net loss for the three and six-month periods ended August 4, 2018 includes costs related to executive and management transition of $0 and $1,024,000 and contract termination costs of $0 and $753,000. The net loss for the three and six-month periods ended July 29, 2017 includes costs related to executive and management transition of $572,000 and $1,078,000 and a loss on debt extinguishment of $0 and $913,000.
(b) For the three and six-month periods ended August 4, 2018, there were 543,000 and 272,000 incremental in-the-money potentially dilutive common shares outstanding, and -0- for the three and six-month periods ended July 29, 2017. 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.