Annual report pursuant to Section 13 and 15(d)

Note 13 - Loss Per Common Share

v3.7.0.1
Note 13 - Loss Per Common Share
 12 Months Ended
Mar. 25, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
13
   Loss per Common Share
 
Net loss and common shares used in per share computations for the fiscal years ended
March 25, 2017
and
March 26, 2016
are as follows:
 
(In thousands except per-share data)
 
March 25,
2017
 
 
March 26,
2016
 
             
Net loss   $
(1,546
 )   $
(4,104
 )
                 
Weighted average: Common shares outstanding
   
9,550
      
6,941
  
Potential common shares    
—
      
—
  
Common shares assuming dilution
    
9,550
      
6,941
  
Loss per common share – basic
   $
(0.16
 )   $
(0.59
 )
Loss per common share – diluted
   $
(0.16
 )   $
(0.59
 )
Stock options not included in computation that could potentially dilute EPS in the
future
    
1,105
      
1,592
  
Restricted stock awards not included in computation that could potentially dilute EPS
in the future
    
—
      
—
  
Convertible preferred stock not included in computation that could potentially dilute
EPS in the future
    
1,853
      
1,853
  
Warrants not included in computation that could potentially dilute EPS in the future
    
3,737
      
3,737
  
 
The stock options, restricted stock, convertible preferred stocks and warrants
not
included in the computation of diluted earnings per share (EPS) for the fiscal years ended
March 25, 2017
and
March 26, 2016
is a result of the Company’s net loss and, therefore, the effect of these instruments would be anti-dilutive.