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This excerpt taken from the BGP 10-K filed Mar 30, 2007. NOTE 2 —
WEIGHTED-AVERAGE SHARES OUTSTANDING
Weighted-average shares outstanding are calculated as follows
(thousands):
Unexercised employee stock options to purchase 1.5 million
shares as of February 3, 2007 were not included in the
fiscal 2006 weighted-average shares outstanding calculation
because to do so would have been antidilutive, due to the
Company’s net loss. Unexercised employee stock options and
unvested restricted share units to purchase 2.8 million,
4.1 million, and 3.1 million common shares as of
February 3, 2007, January 28, 2006, and
January 23, 2005, respectively, were not included in the
weighted-average shares outstanding calculation because to do so
would have been antidilutive, due to the exercise price of these
shares exceeding the Company’s share price at the end of
the respective fiscal years.
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