Earnings (Loss) Per Share

9 Months Ended

Oct. 29, 2016

4. Earnings (Loss) Per Share

Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding for the period. Except when the effect would be anti‑dilutive, diluted earnings (loss) per share are calculated based on the weighted average number of outstanding shares of common stock plus the dilutive effect of share‑based awards calculated under the treasury stock method. A reconciliation between basic and diluted earnings (loss) per share is as follows:


	Three months		Three months		Nine months		Nine months
	ended		ended		ended		ended
	October 29, 2016		October 31, 2015		October 29, 2016		October 31, 2015
	(Amounts in thousands, except per share amounts)
Net loss	$	(2,532)	$	(5,336)	$	(7,303)	$	(10,153)
Basic loss per share
Weighted average shares outstanding:
Basic shares of common stock		63,459		63,224		63,399		63,127
Basic loss per share	$	(0.04)	$	(0.08)	$	(0.12)	$	(0.16)
Diluted loss per share
Weighted average shares outstanding:
Basic shares of common stock		63,459		63,224		63,399		63,127
Plus impact of share-based awards		—		—		—		—
Diluted shares of common stock		63,459		63,224		63,399		63,127
Diluted loss per share	$	(0.04)	$	(0.08)	$	(0.12)	$	(0.16)

The calculation of diluted loss per share for the three and nine months ended October 29, 2016 and October 31, 2015 excludes the share‑based awards listed in the following table due to their anti‑dilutive effect as determined under the treasury stock method:


	Three months	Three months	Nine months	Nine months
	ended	ended	ended	ended
	October 29, 2016	October 31, 2015	October 29, 2016	October 31, 2015
	(Amounts in thousands)
Stock options	310	454	346	476
Stock appreciation rights(1)	7,380	6,767	6,729	5,883
Restricted stock and units	605	422	656	695
Total anti-dilutive shares	8,295	7,643	7,731	7,054

(1)

Each stock appreciation right (“SAR”) referred to above represents the right to receive a payment measured by the increase in the fair market value of one share of common stock from the date of grant of the SAR to the date of exercise of the SAR. Upon exercise, the SARs will be settled in stock.