Net income (loss) per common share
 3 Months Ended
May. 30, 2015
Net income (loss) per common share  
Net income (loss) per common share

 

3.  Net income (loss) per common share

 

Basic net income (loss) per common share is computed as net income (loss) divided by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) per share is computed as net income (loss) divided by the weighted-average number of common shares outstanding for the period plus common stock equivalents consisting of shares subject to stock-based awards with exercise prices less than or equal to the average market price of the Company’s common stock for the period, to the extent their inclusion would be dilutive. Potentially dilutive securities are excluded from the computation of diluted net income (loss) per share if their effect is anti-dilutive.

 

The following is a reconciliation of net loss and the number of shares used in the basic and diluted net loss per share calculations:

 

 

 

Thirteen Weeks Ended

 

 

 

May 30,
2015

 

May 31,
2014

 

Numerator:

 

 

 

 

 

Net loss

 
$
(5,199)

 
$
(3,579)

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted-average common shares outstanding — basic and diluted

 
47,983,738 

 
47,946,616 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per common share

 
$
(0.11)

 
$
(0.07)

 

 

 

 

 

 

 

Antidilutive securities not included:

 

 

 

 

 

Stock options outstanding

 
1,269,923 

 
764,192