Annual report pursuant to Section 13 and 15(d)

Note 8 - Loss Per Share

v2.4.1.9
Note 8 - Loss Per Share
 12 Months Ended
Mar. 28, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

8     Loss per Common Share


Net loss and common shares used in per share computations for the fiscal years ended March 28, 2015 and March 29, 2014 are as follows:


(In thousands except per-share data)

 

March 28, 2015 

 

 

March 29, 2014 

 

Net loss

 

$

(1,673

 )

 

$

(3,742

 )

 

 

 

    

 

 

    

Weighted average:

 

 

    

 

 

    

Common shares outstanding

 

 

5,279

  

 

 

5,058

  

Potential common shares

    

—

      

—

  

Common shares assuming dilution

 

 

5,279

  

 

 

5,058

  

 

 

 

    

 

 

    

Loss per common share – basic

 

$

(0.32

 )

 

$

(0.74

 )

Loss per common share – diluted

 

$

(0.32

 )

 

$

(0.74

 )

Stock options not included in computation that could potentially dilute EPS in the future

 

 

1,727

  

 

 

1,739

  

Restricted stock awards not included in computation that could potentially dilute EPS in the future

 

 

482

  

 

 

122

  

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

 

 

1,368

  

 

 

1,317

  

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 28, 2015 and March 29, 2014 is a result of the Company’s net loss and, therefore, the effect of these instrument would be anti-dilutive.