Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share

v3.8.0.1
Earnings (Loss) Per Share
12 Months Ended
Oct. 29, 2017
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

Basic and diluted net income (loss) per share is calculated as follows (in thousands, except per share amounts):
 
Year Ended
 
October 29, 2017
 
October 30, 2016
 
November 1,
2015
Numerator
 
 
 
 
 
Income (loss) from continuing operations
$
28,825

 
$
(14,570
)
 
$
(19,786
)
Loss from discontinued operations, net of income taxes
(1,693
)
 

 
(4,834
)
Net income (loss)
$
27,132

 
$
(14,570
)
 
$
(24,620
)
 
 
 
 
 
 
Denominator
 
 
 
 
 
Basic weighted average number of shares
20,942

 
20,831

 
20,816

Dilutive weighted average number of shares
21,017

 
20,831

 
20,816

 
 
 
 
 
 
Per Share Data:
 
 
 
 
 
Basic:
 
 
 
 
 
Income (loss) from continuing operations
$
1.38

 
$
(0.70
)
 
$
(0.95
)
Loss from discontinued operations, net of income taxes
(0.08
)
 

 
(0.23
)
Net income (loss)

$
1.30

 
$
(0.70
)
 
$
(1.18
)
 
 
 
 
 
 
Diluted:
 
 
 
 
 
Income (loss) from continuing operations
$
1.37

 
$
(0.70
)
 
$
(0.95
)
Loss from discontinued operations, net of income taxes
(0.08
)
 

 
(0.23
)
Net income (loss)
$
1.29

 
$
(0.70
)
 
$
(1.18
)


Options to purchase 2,499,923, 1,921,036 and 980,414 shares of the Company’s common stock were outstanding at October 29, 2017, October 30, 2016 and November 1, 2015, respectively. Additionally, there were 338,968, 229,735 and 50,159 restricted shares outstanding at October 29, 2017, October 30, 2016 and November 1, 2015, respectively. For the year ended October 29, 2017, potentially dilutive shares comprising of 51,598 restricted stock units and 23,550 stock options were included in the computation of diluted earnings per share. The fiscal 2017 diluted earnings per share did not include the effect of potentially dilutive outstanding shares comprised of 222,634 restricted stock units and 2,332,073 of stock options because the effect would have been anti-dilutive. The options and restricted shares were not included in the computation of diluted loss per share in fiscal 2016 and 2015 because the effect of their inclusion would have been anti-dilutive as a result of the Company’s net loss position in those fiscal years.