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.