EARNINGS PER SHARE

Basic loss per share is computed using the weighted average number of common shares outstanding during the measurement period. Diluted 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 loss per share for each period (in thousands, except per share amounts):



	Fiscal Year
	2018			2017
Basic:
Net loss	$	(87,714	)	$	(37,323	)
Distributed earnings allocated to participating securities	(191		)	—
Net loss allocated to common shares	(87,905		)	(37,323		)

Basic weighted average shares outstanding	28,117			27,510
Basic loss per share	$	(3.13	)	$	(1.37	)

	Fiscal Year
	2018			2017
Diluted:
Net loss	$	(87,714	)	$	(37,323	)
Distributed earnings allocated to participating securities	(191		)	—
Net loss allocated to common shares	(87,905		)	(37,323		)

Basic weighted average shares outstanding	28,117			27,510
Dilutive effect of stock awards	—			—
Diluted weighted average shares outstanding	28,117			27,510
Diluted loss per share	$	(3.13	)	$	(1.37	)

The number of shares attributable to outstanding stock-based compensation awards that would have been considered dilutive securities, but were excluded from the calculation of diluted loss per share because the effect was anti-dilutive were as follows (in thousands):



	Fiscal Year
	2018	2017
Number of anti-dilutive shares due to net loss for the period	256	—

Number of anti-dilutive SARs due to exercise price greater than average market price of our common stock	14	124