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Earnings Per Share
 3 Months Ended
Apr. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

(9) Earnings Per Share

Basic earnings 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 per share represents basic earnings 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

 

 

April 30,

 

 

May 2,

 

 

2016

 

 

2015

 

Net income (loss)

$

311

 

 

$

(1,360

)

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

Basic

 

42,032

 

 

 

41,851

 

Dilutive effect of common stock equivalents

 

302

 

 

 

—

 

Diluted

 

42,334

 

 

 

41,851

 

Basic earnings (loss) per share

$

0.01

 

 

$

(0.03

)

Diluted earnings (loss) per share

$

0.01

 

 

$

(0.03

)

 

 

 

 

 

 

 

 

Restricted stock units considered anti-dilutive and excluded in the calculation

 

—

 

 

 

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