Net Income (Loss) Per Common Share

3 Months Ended

Jan. 29, 2016

NOTE 11 – NET INCOME (LOSS) PER COMMON SHARE

The following table presents the net income (loss) per common share calculations for the three months ended January 29, 2016 and January 30, 2015:



	Three Months Ended
	January 29, 2016		January 30, 2015
Basic
Net income (loss)	$	52,431	$	103,974
Weighted-average common shares outstanding - basic	78,760,765		81,724,627
Net Income (Loss) per Common Share - Basic	$	0.67	$	1.27
Diluted
Net income (loss)	$	52,431	$	103,974
Weighted-average common shares outstanding - basic	78,760,765		81,724,627
Diluted effect of stock options and unvested restricted stock	1,851,537		2,142,252
Weighted-average common shares outstanding - diluted	80,612,302		83,866,879
Net Income (Loss) per Common Share - Diluted	$	0.65	$	1.24

Basic earnings per share are based on the weighted-average number of common shares outstanding during each period. In computing diluted earnings per share, the number of common shares outstanding is increased by common stock options with exercise prices lower than the average market prices of common shares during each period and reduced by the number of shares assumed to have been purchased with proceeds from the exercised options. Potential common shares of 703,022 and 318,359 related to our outstanding stock options were excluded from the computation of diluted earnings per share for the three months ended January 29, 2016 and January 30, 2015, respectively, as inclusion of these shares would have been antidilutive.