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Earnings (Loss) Per Share
 3 Months Ended
May 01, 2021
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is based on net income (loss) and the weighted average of Class A and Class B common shares outstanding. Diluted earnings per share reflects the potential dilution of common shares adjusted for outstanding stock options and restricted stock units ("RSUs") calculated using the treasury stock method.

The following is a reconciliation between basic and diluted weighted average shares outstanding, as used in the calculation of earnings (loss) per share:
Three months ended
(in thousands)
May 1, 2021May 2, 2020
Weighted average basic shares outstanding
72,613 71,914 
Dilutive effect of stock-based compensation awards
4,363 — 
Weighted average diluted shares outstanding
76,976 71,914 
For the three months ended May 1, 2021 and May 2, 2020, the number of shares relating to potentially dilutive stock-based compensation awards that were excluded from the computation of diluted earnings (loss) per share due to their anti-dilutive effect was 3.6 million and 5.6 million, respectively.