Net Income (Loss) Per Share

9 Months Ended

Oct. 31, 2015

Net income (loss) per basic and diluted share is computed based on the weighted-average number of outstanding shares of common stock.

The following table presents weighted-average shares outstanding and anti-dilutive shares:



	Thirteen Weeks Ended				Thirty-nine Weeks Ended
(in thousands)	October 31, 2015		November 1, 2014		October 31, 2015		November 1, 2014
Shares of common stock issued	103,300		103,300		103,300		103,300
Weighted-average treasury shares	(34,434	)	(32,486	)	(33,937	)	(30,723	)
Weighted-average — basic shares	68,866		70,814		69,363		72,577
Dilutive effect of share-based compensation awards	399		1,314		—		1,293
Weighted-average — diluted shares	69,265		72,128		69,363		73,870
Anti-dilutive shares ⁽¹⁾	10,205		5,566		12,154		5,621


⁽¹⁾	Reflects the total number of shares related to outstanding share-based compensation awards that have been excluded from the computation of net income (loss) per diluted share because the impact would have been anti-dilutive.

During the third quarter of Fiscal 2015, A&F repurchased approximately 2.5 million additional shares of A&F's Common Stock in the open market at a market value of approximately $50 million.