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Earnings (Loss) Per Share
 3 Months Ended
May 03, 2014
Earnings (Loss) Per Share

(10) Earnings (Loss) Per Share

Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding, reduced by the number of shares repurchased and held in treasury, during the period. Diluted earnings (loss) per share represents basic earnings (loss) per share adjusted to include the potentially dilutive effect of outstanding share option awards, nonvested share awards and nonvested share unit awards.

The following table sets forth the computation of basic and diluted earnings (loss) per common share:

 

 

13 Weeks Ended

 

 

May 3,

 

 

May 4,

 

 

2014

 

 

2013

 

Net income (loss)

$

(3,368

)

 

$

4,459

 

 

 

 

 

 

 

 

 

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

Basic

 

34,441

 

 

 

33,229

 

Dilutive effect of common stock equivalents

 

—

 

 

 

—

 

Diluted

 

34,441

 

 

 

33,229

 

Basic earnings (loss) per share

$

(0.10

)

 

$

0.13

 

Diluted earnings (loss) per share

$

(0.10

)

 

$

0.13

 

 

For the quarter ended May 3, 2014, basic net loss per share was the same as diluted net loss per share because all potentially dilutive securities were anti-dilutive due to the net loss for the period.

 

For the quarter ended May 4, 2013, basic net income per share was the same as diluted net income per share because there were no outstanding potentially dilutive securities.