Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

v2.4.0.8
Earnings (Loss) Per Share
3 Months Ended
Feb. 02, 2014
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

Basic and diluted net loss per share is calculated as follows (in thousands, except per share amounts):
 
Three Months Ended
 
February 2, 2014
 
January 27, 2013
Numerator
 
 
 
      Net loss
$
(17,074
)
 
$
(17,090
)
Denominator
 
 
 
      Basic weighted average number of common shares
20,849

 
20,813

      Dilutive weighted average number of common shares
20,849

 
20,813

Net loss per share - basic
$
(0.82
)
 
$
(0.82
)
Net loss per share - diluted
$
(0.82
)
 
$
(0.82
)


Options to purchase 484,850 and 548,650 shares of the Company’s common stock were outstanding at February 2, 2014 and January 27, 2013, respectively. Additionally, there were 73,334 and 70,000 restricted stock units outstanding at February 2, 2014 and January 27, 2013, respectively. The options and restricted shares were not included in the computation of diluted loss per share in the first quarter of fiscal 2014 and 2013 because the effect of their inclusion would have been anti-dilutive as a result of the Company’s net loss position in those fiscal periods.