Earnings Per Share |
6 Months Ended |
|---|---|
Aug. 01, 2020 | |
| Earnings Per Share [Abstract] | |
| Earnings Per Share |
NOTE 5. Earnings Per Share Basic earnings (loss) per share is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings (loss) per share is computed similarly to basic earnings (loss) per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential additional common shares that were dilutive had been issued as determined by using the treasury stock method. Common share equivalents are excluded from the computation if their effect is anti-dilutive. The Company’s common share equivalents consist of convertible preferred stock, stock options and warrants. Common shares from the potential exercise of certain options and warrants are excluded from the computation of diluted earnings (loss) per share if their exercise prices are greater than the Company’s average stock price for the period. For the transition period from January 1, 2020 to February 1, 2020, the number of such shares excluded was 21,282,000. For both the 13 and 26-week periods ended August 1, 2020, the number of such shares excluded was 22,929,000. For both the three and six-month periods ended June 30, 2019, the number of such shares excluded was 5,598,000. For the 26-week period ended August 1, 2020, the dilutive effect of in-the-money warrants amounted to 2,458,000 shares. For the transition period from January 1, 2020 to February 1, 2020, the number of in-the-money warrants and preferred shares excluded from the computation of net loss per share because their inclusion would have been anti-dilutive amounted to 10,025,000. For the 13-week period ended August 1, 2020, the number of in-the-money warrants and preferred shares excluded from the computation of net loss per share amounted to 7,025,000. For both the three and six‑month periods ended June 30, 2019, the number of in-the-money warrants and preferred shares excluded from the computation of net loss per share amounted to 415,000. |