11. Net (Loss) Income Per Share

Basic net (loss) income per share is computed using the weighted-average number of shares outstanding during the period. Diluted net (loss) income per share uses the weighted-average number of shares outstanding during the period plus the dilutive effect of stock-based compensation calculated using the treasury stock method. Weighted average shares used in the computation of basic and diluted net (loss) income per share follows:


	Three months ended
(amounts in thousands)	January 28, 2018		January 29, 2017
Weighted average common shares outstanding, basic		12,436		12,313
Dilutive effect of stock-based compensation		—		231

Weighted average common shares outstanding, diluted		12,436		12,544

All options to purchase shares of common stock were included in the computation of diluted net (loss) income for the three months ended January 28, 2018 and January 29, 2017, as the exercise price of the options was less than the average market price of the common shares. Stock-based compensation awards totaling 160,743 shares of common stock were not included in the computation of diluted net loss per share for the three months ended January 28, 2018 as we incurred a net loss for that reporting period.


	Nine months ended
(amounts in thousands)	January 28, 2018		January 29, 2017
Weighted average common shares outstanding, basic		12,425		12,302
Dilutive effect of stock-based compensation		201		215

Weighted average common shares outstanding, diluted		12,626		12,517

All options to purchase shares of common stock were included in the computation of diluted net income for the nine months ended January 28, 2018 and January 29, 2017, as the exercise price of the options was less than the average market price of the common shares.