The numerator for both basic and diluted EPS is net loss. The denominator for basic EPS is based upon the number of weighted average shares of Lands’ End common stock outstanding during the reporting periods. The denominator for diluted EPS is based upon the number of weighted average shares of Lands’ End common stock and common stock equivalents outstanding during the reporting periods using the treasury stock method in accordance with GAAP. Potentially dilutive securities for the diluted EPS calculations consist of non-vested equity shares of common stock and in-the-money outstanding options where the current stock price exceeds the option strike price.

The following table summarizes the components of basic and diluted EPS:


	13 Weeks Ended						26 Weeks Ended
(in thousands, except per share amounts)	July 28, 2023			July 29, 2022			July 28, 2023			July 29, 2022
Net loss	$	(8,018	)	$	(2,179	)	$	(9,670	)	$	(4,550	)

Basic weighted average common shares outstanding		32,117			33,361			32,280			33,262
Dilutive effect of stock awards		—			—			—			—
Diluted weighted average common shares outstanding		32,117			33,361			32,280			33,262

Basic loss per share	$	(0.25	)	$	(0.07	)	$	(0.30	)	$	(0.14	)
Diluted loss per share	$	(0.25	)	$	(0.07	)	$	(0.30	)	$	(0.14	)

Stock awards are considered anti-dilutive based on the application of the treasury stock method or in the event of a net loss. Anti-dilutive shares excluded from the diluted weighted average shares outstanding were 1,617,940 anti-dilutive shares in the 13 weeks ended July 28, 2023, 1,098,859 anti-dilutive shares in the 13 weeks ended July 29, 2022, 1,411,376 anti-dilutive shares in the 26 weeks ended July 28, 2023 and 1,209,586 anti-dilutive shares in the 26 weeks ended July 29, 2022.