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Earnings per Share
 3 Months Ended
Jun. 02, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
4. Earnings per Share

The following table presents a reconciliation of the denominators used in the computation of basic and diluted earnings per share.

 

                 
    Three months ended  

(In thousands)

   June 2,
2012		     May 28,
2011		  

Basic earnings per share – weighted common shares outstanding

     27,788       27,862  

Weighted common shares assumed upon exercise of stock options

     127       —    

Unvested shares for deferred compensation plans

     308       —    
   

 

 

    

 

 

  

Diluted earnings per share – weighted common shares and potential common shares outstanding

     28,223       27,862  
   

 

 

    

 

 

  

Earnings (loss) per share – basic

   $ 0.06     $ (0.08 ) 

Earnings (loss) per share – diluted

     0.06       (0.08 ) 
   

 

 

    

 

 

  

Stock options excluded from the calculation of earnings per share because the exercise price was greater than the average market price of the common shares

     970       1,126  
   

 

 

    

 

 

  

Due to the net loss in fiscal 2012, there was no dilutive impact from unvested shares in the three-month period ended May 28, 2011.