EARNINGS PER SHARE

12 Months Ended

Jan. 31, 2015

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 13—EARNINGS PER SHARE

        The following schedule presents the calculation of basic and diluted earnings per share for earnings from continuing operations:

		Year Ended
(dollar amounts in thousands, except per share amounts)		January 31, 2015			February 1, 2014			February 2, 2013
(a)	(Loss)earnings from continuing operations before discontinued operations	$	(26,961	)	$	7,053		$	13,155
	Loss from discontinued operations, net of tax benefit of $179, $102 and $186		(332	)		(188	)		(345	)
	Net (loss) earnings	$	(27,293	)	$	6,865		$	12,810
(b)	Basic average number of common shares outstanding during period		53,608			53,378			53,225
	Common shares assumed issued upon exercise of dilutive equity awards, net of assumed repurchase, at the average market price		—			585			729
(c)	Diluted average number of common shares assumed outstanding during period		53,608			53,963			53,954
	Basic earnings per share:
	Earnings from continuing operations (a/b)	$	(0.50	)	$	0.13		$	0.25
	Discontinued operations, net of tax		(0.01	)		—			(0.01	)
	Basic earnings per share	$	(0.51	)	$	0.13		$	0.24
	Diluted earnings per share:
	Earnings from continuing operations (a/c)	$	(0.50	)	$	0.13		$	0.24
	Discontinued operations, net of tax		(0.01	)		—			—
	Diluted earnings per share	$	(0.51	)	$	0.13		$	0.24

        Certain stock options were excluded from the calculations of diluted earnings per share because their exercise prices were greater than the average market price of the common shares for the period then ended and therefore would be anti-dilutive. The total number of stock options, restricted stock units and performance share units excluded from the diluted earnings per share calculation was 2,407,000; 937,000; and 859,000 as of January 31, 2015, February 1, 2014, and February 2, 2013, respectively.