BASIC AND DILUTED WEIGHTED-AVERAGE COMMON SHARES

12 Months Ended

Jan. 29, 2017

BASIC AND DILUTED WEIGHTED-AVERAGE COMMON SHARES

BASIC AND DILUTED WEIGHTED-AVERAGE COMMON SHARES

NOTE 9—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 certain periods, as the effect of stock options, restricted stock, and restricted stock units (collectively "stock plan securities") are anti-dilutive because the Company incurred losses from continuing operations in those periods.

        The following basic and diluted weighted-average common shares information is provided for Holdings.

        The reconciliation of basic to diluted weighted-average common shares for fiscal 2016, fiscal 2015, and fiscal 2014 is as follows (in thousands):

	Fiscal Year Ended
	January 29, 2017		January 31, 2016		February 1, 2015
Weighted-average common shares		199,385		197,011		193,962
Effect of potentially dilutive stock plan securities		2,615		4,297		—
Diluted weighted-average common shares		202,000		201,308		193,962
Stock plan securities excluded from dilution(1)		1,856		792		12,044

(1)           Represents securities not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.