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Earnings (Loss) Per Share
3 Months Ended
Apr. 29, 2017
Earnings (Loss) Per Share  
Earnings (Loss) Per Share

(9) Earnings (Loss) Per Share

Basic earnings per share is calculated by dividing net income 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:

 

 

 

 

 

 

 

 

 

 

 

Thirteen Weeks Ended

 

 

 

 

April 29,

 

 

April 30,

 

 

 

 

2017

 

 

2016

 

Net income (loss)

 

$

(4,507)

 

$

311

 

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

Basic

 

 

42,277

 

 

42,032

 

Dilutive effect of common stock equivalents

 

 

 —

 

 

302

 

Diluted

 

 

42,277

 

 

42,334

 

Basic Earnings (loss) per share

 

$

(0.11)

 

$

0.01

 

Diluted Earnings (loss) per share

 

$

(0.11)

 

$

0.01

 

 

 

 

 

 

 

 

 

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

 

 

171

 

 

 —