Net Loss Per Share

3 Months Ended

May 02, 2020

The Company reports both basic net loss per share, which is based on the weighted-average number of common shares outstanding during the period, and diluted net loss per share, which is based on the weighted-average number of common shares outstanding and potentially dilutive shares outstanding during the period.

The computations of basic and diluted net loss per share are presented in the following table (in thousands, except per share amounts):


	Three Months Ended
	May 2, 2020		May 4, 2019
Numerator:
Net loss	$	(113,033)	$	(48,450)


Denominator:
Weighted-average shares — basic	663,547		658,963
Effect of dilutive securities:
Share-based awards	—		—
Weighted-average shares — diluted	663,547		658,963






Net loss per share:
Basic	$	(0.17)	$	(0.07)
Diluted	$	(0.17)	$	(0.07)

Potential dilutive securities include dilutive common shares from share-based awards attributable to the assumed exercise of stock options, restricted stock units and employee stock purchase plan shares using the treasury stock method. Under the treasury stock method, potential common shares outstanding are not included in the computation of diluted net income per share if their effect is anti-dilutive.

Anti-dilutive potential shares are presented in the following table (in thousands):

Three Months Ended

May 2,
2020

May 4,
2019

Weighted-average shares outstanding:

Share-based awards

12,416

13,969

Anti-dilutive potential shares from share-based awards are excluded from the calculation of diluted earnings per share for all periods reported above because either their exercise price exceeded the average market price during the period or the share-based awards were determined to be anti-dilutive based on applying the treasury stock method. Anti-dilutive potential shares from share based awards are excluded from the calculation of diluted earnings per share for the three months ended May 2, 2020 and May 4, 2019 due to the net losses reported in those periods.