BASIC AND DILUTED WEIGHTED AVERAGE COMMON SHARES

3 Months Ended

Apr. 30, 2017

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 April 30, 2017 and May 1, 2016 was as follows (in thousands):

	Three Months Ended
	April 30, 2017	May 1, 2016
Weighted-average common shares	200,708	198,808
Effect of potentially dilutive stock plan securities	2,309	—
Diluted weighted-average common shares	203,017	198,808
Stock plan securities excluded from dilution (1)	1,294	7,358

(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.