BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES

12 Months Ended

Feb. 01, 2015

BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES

BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES

NOTE 11—BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES

        Basic earnings (loss) per common share is computed by dividing net income (loss) by the weighted-average common shares outstanding during the respective periods. Diluted earnings (loss) per common share is computed by dividing net income (loss) by the sum of the weighted-average common shares outstanding and all dilutive potential common shares outstanding during the respective periods. Diluted earnings (loss) per common share equals basic earnings (loss) per common share for all periods, as the effect of stock options, restricted stock, and restricted stock units (collectively "stock-based compensation securities") are anti-dilutive because the Company incurred losses from continuing operations in those periods. During fiscal 2014, fiscal 2013 and fiscal 2012, stock-based compensation securities of 12,044 thousand, 15,363 thousand, and 14,818 thousand, respectively, were excluded from the calculation of diluted earnings (loss) per share because their effect would have been anti-dilutive.