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Earnings Per Share
6 Months Ended
Aug. 01, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The numerator for both basic and diluted earnings per share (“EPS”) is net income attributable to Lands’ End. The denominator for basic EPS is based upon the number of weighted average shares of Lands’ End common stock outstanding during the reporting periods. The denominator for diluted EPS is based upon the number of weighted average shares of Lands’ End common stock and common stock equivalents outstanding during the reporting periods. For periods ended April 4, 2014 and prior, basic earnings per share are computed using the number of shares of Lands’ End common stock outstanding on April 4, 2014, the date on which the Lands’ End common stock was distributed to the stockholders of Sears Holdings Corporation. The same number of shares was used to calculate basic and diluted earnings per share for the 13 and 26 weeks ended August 2, 2013 as there were no dilutive securities during these periods. The following table summarizes the components of basic and diluted earnings per share:
 
 
13 Weeks Ended
 
26 Weeks Ended
(in thousands, except per share amounts)
 
August 1, 2014
 
August 2, 2013
 
August 1, 2014
 
August 2, 2013
Net income
 
$
11,845

 
$
11,289

 
$
22,713

 
$
18,625

 
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
31,957

 
31,957

 
31,957

 
31,957

Dilutive effect of stock awards
 
5

 

 
2

 

Diluted weighted average shares outstanding
 
31,962

 
31,957

 
31,959

 
31,957

 
 
 
 
 
 
 
 
 
Basic earnings per share
 
$
0.37

 
$
0.35

 
$
0.71

 
$
0.58

Diluted earnings per share
 
$
0.37

 
$
0.35

 
$
0.71

 
$
0.58

There were no anti-dilutive securities excluded from the diluted weighted average shares outstanding for the 13 and 26 weeks ended August 1, 2014 or August 2, 2013.