Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share (Tables)

v3.19.3.a.u2
Net Loss Per Common Share (Tables)
9 Months Ended
Nov. 02, 2019
Earnings Per Share [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 loss per share and diluted loss per share is as follows:
 
 
Three-Month Periods Ended
 
Nine-Month Periods Ended
 
 
November 2,
2019
 
November 3,
2018
 
November 2,
2019
 
November 3,
2018
Numerator:
 
 
 
 
 
 
 
 
Net loss
 
$
(6,741,000
)
 
$
(9,157,000
)
 
$
(37,908,000
)
 
$
(12,183,000
)
Earnings allocated to participating share awards (a)
 

 

 

 

Net loss attributable to common shares — Basic and diluted
 
$
(6,741,000
)
 
$
(9,157,000
)
 
$
(37,908,000
)
 
$
(12,183,000
)
Denominator:
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding — Basic
 
75,770,277

 
66,351,835

 
72,863,795

 
65,907,301

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

 

 

 

Weighted average number of common shares outstanding — Diluted
 
75,770,277

 
66,351,835

 
72,863,795

 
65,907,301

Net loss per common share
 
$
(0.09
)
 
$
(0.14
)
 
$
(0.52
)
 
$
(0.18
)
Net loss per common share — assuming dilution
 
$
(0.09
)
 
$
(0.14
)
 
$
(0.52
)
 
$
(0.18
)

(a) During the fourth quarter of fiscal 2018, the Company issued a restricted stock award that is a participating security. For the three and nine-month periods ended November 2, 2019, the entire undistributed loss is allocated to common shareholders.
(b) For the three and nine-month periods ended November 2, 2019, there were 747,000 and 401,000 incremental in-the-money potentially dilutive common shares outstanding, and 817,000 and 454,000 for the three and nine-month periods ended November 3, 2018. 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.