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Earnings Per Share
9 Months Ended
Oct. 31, 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 39 weeks ended November 1, 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
 
39 Weeks Ended
(in thousands, except per share amounts)
 
October 31, 2014
 
November 1, 2013
 
October 31, 2014
 
November 1, 2013
Net income
 
$
17,991

 
$
14,279

 
$
40,704

 
$
32,904

 
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
31,957

 
31,957

 
31,957

 
31,957

Dilutive effect of stock awards
 
14

 

 
8

 

Diluted weighted average shares outstanding
 
31,971

 
31,957

 
31,965

 
31,957

 
 
 
 
 
 
 
 
 
Basic earnings per share
 
$
0.56

 
$
0.45

 
$
1.27

 
$
1.03

Diluted earnings per share
 
$
0.56

 
$
0.45

 
$
1.27

 
$
1.03

There were no anti-dilutive securities excluded from the diluted weighted average shares outstanding for the 13 and 39 weeks ended October 31, 2014 or November 1, 2013.