Net Income (Loss) Per Share

3 Months Ended

May 02, 2020

Net Income (Loss) Per Share

Net Income (Loss) Per Share

NOTE 12—NET INCOME (LOSS) PER SHARE

The weighted-average shares used for net income (loss) per share are presented in the table below. As we reported a net loss for the three months ended May 2, 2020, the weighted-average shares outstanding for basic and diluted are the same.

	Three Months Ended
	May 2,	May 4,
	2020	2019
Weighted-average shares—basic	19,242,641	19,976,858
Effect of dilutive stock-based awards	—	4,472,545
Effect of dilutive convertible senior notes (1)	—	484,584
Weighted-average shares—diluted	19,242,641	24,933,987

(1) The 2020 Notes, 2023 Notes and 2024 Notes have an impact on our dilutive share count beginning at stock prices of $118.13 per share, $193.65 per share and $211.40 per share, respectively.

The following number of dilutive options, restricted stock units and convertible senior notes were excluded from the calculation of diluted net income (loss) per share because their inclusion would have been anti-dilutive:

	Three Months Ended
	May 2,	May 4,
	2020	2019
Options	4,436,083	463,506
Restricted stock units	177,312	—
Convertible senior notes	589,095	—
Total anti-dilutive stock-based awards	5,202,490	463,506