| PER-SHARE AMOUNTS |
2. PER-SHARE AMOUNTS
The following table presents a reconciliation of net loss and weighted average shares outstanding used in basic and diluted loss per share (“EPS”) calculations for each period presented:
|
|
|
THIRTEEN
|
|
|
|
|
WEEKS ENDED
|
|
|
|
|
April 29,
|
|
April 30,
|
|
|
|
|
2017
|
|
2016
|
|
|
|
|
|
|
|
|
|
Basic Loss Per Common Share
|
|
|
|
|
|
|
Net loss
|
|
$
|
(57,315
|
)
|
$
|
(37,818
|
)
|
|
Less: Income allocated to participating securities
|
|
—
|
|
—
|
|
|
|
|
|
|
|
|
|
Net loss available to common shareholders
|
|
$
|
(57,315
|
)
|
$
|
(37,818
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
20,039,047
|
|
19,760,448
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic loss per common share
|
|
$
|
(2.86
|
)
|
$
|
(1.91
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted Loss Per Common Share
|
|
|
|
|
|
|
Net loss
|
|
$
|
(57,315
|
)
|
$
|
(37,818
|
)
|
|
Less: Income allocated to participating securities
|
|
—
|
|
—
|
|
|
|
|
|
|
|
|
|
Net loss available to common shareholders
|
|
$
|
(57,315
|
)
|
$
|
(37,818
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
20,039,047
|
|
19,760,448
|
|
|
Common shares issuable - stock options
|
|
—
|
|
—
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding assuming dilution
|
|
20,039,047
|
|
19,760,448
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted loss per common share
|
|
$
|
(2.86
|
)
|
$
|
(1.91
|
)
|
|
|
|
|
|
|
|
|
|
Due to the Company’s net loss position, weighted average unvested restricted shares (participating securities) of 1,349,621 and 1,220,177 for the first quarter in each of 2017 and 2016, respectively, were not considered in the calculation of net loss available to common shareholders used for both basic and diluted EPS.
|