Earnings per Share

12 Months Ended

Feb. 01, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is based on net income (loss) and the weighted average of Class A and Class B common shares outstanding. Diluted earnings (loss) per share reflects the potential dilution of common shares adjusted for outstanding stock options and RSUs calculated using the treasury stock method.

The following is a reconciliation of the number of shares used in the calculation of earnings (loss) per share:

	Fiscal
(in thousands)	2019	2018	2017
Weighted average basic shares outstanding	73,602	80,026	80,160
Dilutive effect of stock-based compensation awards	1,003	—	527
Weighted average diluted shares outstanding	74,605	80,026	80,687

For fiscal 2019, 2018 and 2017, the number of potential shares that were not included in the computation of diluted earnings (loss) per share due to the anti-dilutive effect was 3.2 million, 3.2 million and 4.3 million, respectively.