EARNINGS PER SHARE

12 Months Ended

Jan. 28, 2017

NOTE 2 - EARNINGS PER SHARE

Basic earnings (loss) per share is computed using the weighted average number of common shares outstanding during the measurement period. Diluted earnings (loss) per share is computed using the weighted average number of common shares as well as all potentially dilutive common share equivalents outstanding during the measurement period.

The following tables show the computation of basic and diluted earnings (loss) per share for each period (in thousands, except per share amounts):



	Fiscal Year
	2016			2015			2014
Basic:
Net income (loss) from continuing operations	$	(37,897	)	$	3,780		$	37,853
Less: Allocation of earnings to participating securities	—			(48		)	(503		)
Net income (loss) from continuing operations allocated to common shares	(37,897		)	3,732			37,350

Basic weighted average shares outstanding	27,090			31,145			31,675
Basic earnings (loss) per share from continuing operations	$	(1.40	)	$	0.12		$	1.18


	Fiscal Year
	2016			2015			2014
Diluted:
Net income (loss) from continuing operations	$	(37,897	)	$	3,780		$	37,853
Less: Allocation of earnings to participating securities	—			(48		)	(502		)
Net income (loss) from continuing operations allocated to common shares	(37,897		)	3,732			37,351

Basic weighted average shares outstanding	27,090			31,145			31,675
Add: Dilutive effect of stock awards	—			43			88
Diluted weighted average shares outstanding	27,090			31,188			31,763
Diluted earnings (loss) per share from continuing operations	$	(1.40	)	$	0.12		$	1.18

The number of shares attributable to stock options, SARs and non-vested stock grants that would have been considered dilutive securities, but were excluded from the calculation of diluted earnings (loss) per share because the effect was anti-dilutive were as follows (in thousands):



	Fiscal Year
	2016	2015	2014
Number of anti-dilutive shares due to net loss for the period	34	—	—

Number of anti-dilutive stock options and SARs due to exercise price greater than average market price of our common stock	192	251	234