Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v3.22.2.2
Net Loss Per Common Share
9 Months Ended
Oct. 29, 2022
Net Loss Per Common Share  
Net Loss Per Common Share

(9)   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 loss 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 net loss per share and diluted net loss per share is as follows:

Three Months Ended

Nine Months Ended

    

October 29,

October 30,

    

October 29,

October 30,

2022

    

2021

2022

    

2021

Numerator:

 

  

 

  

 

  

 

  

Net loss attributable to shareholders

$

(21,298)

$

(9,492)

$

(45,885)

$

(16,970)

Earnings allocated to participating share awards

 

 

 

 

Net loss attributable to common shares — Basic and diluted

$

(21,298)

$

(9,492)

$

(45,885)

$

(16,970)

Denominator:

 

  

 

  

 

  

 

  

Weighted average number of common shares outstanding — Basic (a) (b)

 

29,415,680

 

21,503,340

 

25,932,294

 

18,710,658

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

 

 

 

 

Weighted average number of common shares outstanding — Diluted

 

29,415,680

 

21,503,340

 

25,932,294

 

18,710,658

Net loss per common share

$

(0.72)

$

(0.44)

$

(1.77)

$

(0.91)

Net loss per common share — assuming dilution

$

(0.72)

$

(0.44)

$

(1.77)

$

(0.91)

(a) For the three and nine-month periods ended October 29, 2022 and October 30, 2021 the basic earnings per share computation included zero and 21,000 outstanding fully paid warrants to purchase shares of the Company’s common stock at a price of $0.001 per share, respectively.  
(b) For three and nine-month periods ended October 29, 2022, there were approximately 29,708,057 and 2,181,573 incremental, in-the-money, potentially dilutive common shares outstanding. For three and nine-month periods ended October 30, 2021, there were approximately 658,000 and 992,000 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.