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13. Loss Per Share
We calculate basic loss per share by dividing net loss by the weighted average number of common shares outstanding
during the reporting period. Diluted loss per share reflect the effects of potentially dilutive securities. Because we incurred net losses for the fiscal years ended January 31, 2012 and 2011, basic and diluted loss per share were the same
because the inclusion of 673,651 and 1,121,428 potential common shares related to outstanding stock awards in the calculation would have been antidilutive. The summary of the basic and diluted earnings per share computations is as follows (in
thousands, except per share data):
| |
|
|
|
|
|
|
|
|
| |
|
Years Ended January 31, |
|
| |
|
2012 |
|
|
2011 |
|
|
Basic & Diluted:
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations
|
|
$ |
(5,289 |
) |
|
$ |
(5,373 |
) |
|
Weighted average shares outstanding
|
|
|
7,365 |
|
|
|
7,332 |
|
| |
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share from continuing operations
|
|
$ |
(0.72 |
) |
|
$ |
(0.73 |
) |
| |
|
|
|
|
|
|
|
|
|
Loss from discontinued operations
|
|
$ |
(21 |
) |
|
$ |
(601 |
) |
|
Weighted average shares outstanding
|
|
|
7,365 |
|
|
|
7,332 |
|
| |
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share from discontinued operations
|
|
$ |
(0.00 |
) |
|
$ |
(0.08 |
) |
| |
|
|
|
|
|
|
|
|
|
Net loss
|
|
$ |
(5,310 |
) |
|
$ |
(5,974 |
) |
|
Weighted average shares outstanding
|
|
|
7,365 |
|
|
|
7,332 |
|
| |
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share
|
|
$ |
(0.72 |
) |
|
$ |
(0.81 |
) |
| |
|
|
|
|
|
|
|
|
|