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						39 Weeks Ended
(in thousands, except per share amounts)	October 27, 2023			October 28, 2022			October 27, 2023			October 28, 2022
Net loss	$	(112,394	)	$	(4,682	)	$	(122,064	)	$	(9,232	)

Basic weighted average common shares outstanding		31,887			33,064			32,140			33,196
Dilutive effect of stock awards		—			—			—			—
Diluted weighted average common shares outstanding		31,887			33,064			32,140			33,196

Basic loss per share	$	(3.52	)	$	(0.14	)	$	(3.80	)	$	(0.28	)
Diluted loss per share	$	(3.52	)	$	(0.14	)	$	(3.80	)	$	(0.28	)

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 832,717 anti-dilutive shares in the 13 weeks ended October 27, 2023, 1,098,662 anti-dilutive shares in the 13 weeks ended October 28, 2022, 1,028,885 anti-dilutive shares in the 39 weeks ended October 27, 2023 and 1,170,934 anti-dilutive shares in the 39 weeks ended October 28, 2022.