Earnings Per Share



	For the Three Months Ended							For the Three Months Ended
	October 28, 2017							October 29, 2016
(In thousands, except per share amounts)	Income (Numerator)			Shares (Denominator)	Per Share Amount			Income (Numerator)		Shares (Denominator)	Per Share Amount

Earnings (loss) from continuing operations	$	(164,806	)					$	25,948

Basic EPS from continuing operations
Income (loss) available to
common shareholders	(164,806		)	19,265	$	(8.55	)	25,948		19,912	$	1.30

Effect of Dilutive Securities from continuing operations
Dilutive share-based awards⁽¹⁾				—						12
Employees' preferred stock⁽²⁾				—						38

Diluted EPS from continuing operations
Income (loss) available to
common shareholders plus
assumed conversions	$	(164,806	)	19,265	$	(8.55	)	$	25,948	19,962	$	1.30

(1) Due to the loss from continuing operations, restricted share-based awards are excluded from the diluted earnings per share calculation for the third quarter ended October 28, 2017.

(2) The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Due to the loss from continuing operations, these shares are not assumed to be converted for the third quarter ended October 28, 2017. Because no dividends are paid on this stock, these shares are assumed to be converted in the diluted earnings per share calculation for the third quarter ended October 29, 2016.

Note 7

Earnings Per Share, Continued



	For the Nine Months Ended							For the Nine Months Ended
	October 28, 2017							October 29, 2016
(In thousands, except per share amounts)	Income (Numerator)			Shares (Denominator)	Per Share Amount			Income (Numerator)		Shares (Denominator)	Per Share Amount

Earnings (loss) from continuing operations	$	(167,684	)					$	51,016

Basic EPS from continuing operations
Income (loss) available to
common shareholders	(167,684		)	19,202	$	(8.73	)	51,016		20,307	$	2.51

Effect of Dilutive Securities from continuing operations
Dilutive share-based awards⁽¹⁾				—						54
Employees' preferred stock⁽²⁾				—						38

Diluted EPS from continuing operations
Income (loss) available to
common shareholders plus
assumed conversions	$	(167,684	)	19,202	$	(8.73	)	$	51,016	20,399	$	2.50

(1) Due to the loss from continuing operations, restricted share-based awards are excluded from the diluted earnings per share calculation for the nine months ended October 28, 2017.

(2) The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Due to the loss from continuing operations, these shares are not assumed to be converted for the nine months ended October 28, 2017. Because no dividends are paid on this stock, these shares are assumed to be converted in the diluted earnings per share calculation for the nine months ended October 29, 2016.

The weighted shares outstanding reflects the effect of the Company's Board-approved share repurchase program. The Company did not repurchase any shares of common stock during the three months ended October 28, 2017 and repurchased 275,300 shares of common stock during the nine months ended October 28, 2017 for $16.2 million. The Company has $24.0 million remaining under its current $100.0 million share repurchase authorization. The Company repurchased 746,864 shares of common stock during the three months ended October 29, 2016 for $39.8 million and repurchased 2,155,869 shares of common stock during the nine months ended October 29, 2016 for $133.3 million.