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
	2017			2016			2015
Basic:
Net (loss) income	$	(37,323	)	$	(37,897	)	$	3,780
Less: Allocation of earnings to participating securities	—			—			(48		)
Net (loss) income allocated to common shares	(37,323		)	(37,897		)	3,732

Basic weighted average shares outstanding	27,510			27,090			31,145
Basic (loss) earnings per share	$	(1.37	)	$	(1.40	)	$	0.12


	Fiscal Year
	2017			2016			2015
Diluted:
Net (loss) income	$	(37,323	)	$	(37,897	)	$	3,780
Less: Allocation of earnings to participating securities	—			—			(48		)
Net (loss) income allocated to common shares	(37,323		)	(37,897		)	3,732

Basic weighted average shares outstanding	27,510			27,090			31,145
Add: Dilutive effect of stock awards	—			—			43
Diluted weighted average shares outstanding	27,510			27,090			31,188
Diluted (loss) earnings per share	$	(1.37	)	$	(1.40	)	$	0.12

The number of shares attributable to stock options, stock appreciation rights (“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
	2017	2016	2015
Number of anti-dilutive shares due to net loss for the period	—	34	—

Number of anti-dilutive stock options, SARs due to exercise price greater than average market price of our common stock	124	192	251