XML 33 R20.htm IDEA: XBRL DOCUMENT v3.20.2
Net (Loss) Income from Continuing Operations Per Share
3 Months Ended
Aug. 02, 2020
Earnings Per Share [Abstract]  
Net (Loss) Income from Continuing Operations Per Share

13. Net (Loss) Income from Continuing Operations Per Share

Basic net (loss) income from continuing operations per share is computed using the weighted-average number of shares outstanding during the period. Diluted net (loss) income from continuing operations per share uses the weighted-average number of shares outstanding during the period plus the dilutive effect of stock-based compensation calculated using the treasury stock method.

Weighted average shares used in the computation of basic and diluted net (loss) income from continuing operations per share are as follows:

 

 

 

Three months ended

 

(amounts in thousands)

 

August 2, 2020

 

 

August 4, 2019

 

Weighted average common shares outstanding, basic

 

 

12,287

 

 

 

12,399

 

Dilutive effect of stock-based compensation

 

 

 

 

 

11

 

Weighted average common shares outstanding, diluted

 

 

12,287

 

 

 

12,410

 

 

During the first quarter of fiscal 2021, 27,153 shares of unvested common stock were not included in the computation of diluted net loss from continuing operations per share, as their effect would be antidilutive as result a result of the decrease in the price per share of our common stock during the reporting period in relation to the price per share of our common stock as of the respective grant dates of our stock-based compensation awards. During the first quarter of fiscal 2021, an additional 6,675 shares of unvested common stock were not included in the computation of diluted net loss from continuing operations per share, as we incurred a net loss, in which their effect would be antidilutive. During the first quarter of fiscal 2020, 612 shares of unvested common stock were not included in the computation of diluted net income from continuing operations per share as their effect would be antidilutive, as result of the decrease in the price per share of our common stock during the reporting period in relation to the price per share of our common stock as of the respective grant dates of our stock-based compensation awards.