Income Per Common Share

3 Months Ended

May 02, 2020

(4)

(Loss) Income Per Common Share

Basic (loss) income per common share amounts are calculated using the weighted average number of common shares outstanding for the period. Diluted (loss) income per common share amounts are calculated using the weighted average number of common shares outstanding for the period and include the dilutive impact of exercised stock options as well as assumed vesting of restricted stock awards and shares currently available for purchase under the Company's Employee Stock Purchase Plan, using the treasury stock method. Performance-based restricted stock units are considered contingently issuable shares for diluted income per common share purposes and the dilutive impact, if any, is not included in the weighted average shares until the performance conditions are met.

The following table reconciles net (loss) income and the weighted average common shares outstanding used in the computations of basic and diluted (loss) income per common share (in thousands, except for share and per share data):



	Thirteen Weeks Ended
	May 2, 2020			May 4, 2019
Numerator:
Net (loss) income	$	(50,582	)	$	25,662
Denominator:
Weighted average common shares outstanding - basic	55,723,045			55,899,324
Dilutive impact of options, restricted stock units and employee stock purchase plan	—			369,262
Weighted average common shares outstanding - diluted	55,723,045			56,268,586
Per common share:
Basic (loss) income per common share	$	(0.91	)	$	0.46
Diluted (loss) income per common share	$	(0.91	)	$	0.46

For thirteen weeks ended May 2, 2020, all common stock equivalents related to outstanding stock options and unvested restricted units were excluded from the calculation of diluted net loss per share, as their impact would have been anti-dilutive due to the Company's net loss for the period.

The aforementioned excluded shares do not reflect the impact of any incremental repurchases under the treasury stock method.