Note 3. Earnings Per Share ("EPS")

We follow the provisions of ASC 260, Earnings Per Share, where basic EPS is computed by dividing income attributable to common shareholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution which may occur if securities or other obligations to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock which share in our earnings.

The following is a reconciliation of the net (loss) income and common share amounts used in the calculation of basic and diluted EPS for the three and nine months ended February 1, 2020 and January 26, 2019:



	Net (loss) income			Shares	Per share (loss) income
For the three months ended February 1, 2020
Basic (loss) earnings per share	$	(12,734	)	45,189	$	(0.28	)
Dilution associated with stock compensation plans	—			—	—
Diluted (loss) earnings per share	$	(12,734	)	45,189	$	(0.28	)
For the three months ended January 26, 2019
Basic (loss) earnings per share	$	(3,319	)	45,018	$	(0.07	)
Dilution associated with stock compensation plans	—			—	—
Diluted (loss) earnings per share	$	(3,319	)	45,018	$	(0.07	)
For the nine months ended February 1, 2020
Basic earnings per share	$	1,570		45,139	$	0.03
Dilution associated with stock compensation plans	—			273	—
Diluted earnings per share	$	1,570		45,412	$	0.03
For the nine months ended January 26, 2019
Basic earnings per share	$	9,861		44,834	$	0.22
Dilution associated with stock compensation plans	—			305	—
Diluted earnings per share	$	9,861		45,139	$	0.22

Options outstanding to purchase 2,193 shares of common stock with a weighted average exercise price of $9.92 for the three months ended February 1, 2020 and 2,308 shares of common stock with a weighted average exercise price of $9.98 for the three months ended January 26, 2019 were not included in the computation of diluted (loss) earnings per share because the effects would be anti-dilutive.

Options outstanding to purchase 2,223 shares of common stock with a weighted average exercise price of $9.95 for the nine months ended February 1, 2020 and 2,328 shares of common stock with a weighted average exercise price of $9.98 for the nine months ended January 26, 2019 were not included in the computation of diluted earnings per share because the effects would be anti-dilutive.