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BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES
3 Months Ended
May. 01, 2016
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES  
BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES

 

NOTE 6—BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES

 

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 the three months ended May 1, 2016 and May 3, 2015 was as follows (in thousands):

 

 

 

Three Months Ended

 

 

 

May 1, 2016

 

May 3, 2015

 

Weighted-average common shares

 

198,808 

 

195,347 

 

Effect of potentially dilutive stock plan securities

 

 

5,369 

 

 

 

 

 

 

 

Diluted weighted-average common shares

 

198,808 

 

200,716 

 

Stock plan securities excluded from dilution (1)

 

7,358 

 

1,062 

 

 

 

 

 

 

 

 

 

(1)

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

 

Stock plan securities consist of securities (stock options, restricted stock and restricted stock units) granted under Holdings’ stock-based compensation plans. Diluted weighted average common shares outstanding equals basic weighted average common shares outstanding for the three months ended May 1, 2016, as the effect of securities are anti-dilutive because the Company incurred net losses.