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Earnings Per Share
 3 Months Ended
May 01, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The numerator for both basic and diluted EPS is net income. 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 using the treasury stock method in accordance with the FASB ASC. For periods ended April 4, 2014 and prior, basic and diluted 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 shareholders of Sears Holdings Corporation. The same number of shares was used to calculate basic and diluted earnings per share for the First Quarter 2014 as there were no dilutive securities outstanding.
The following table summarizes the components of basic and diluted earnings per share:
 
 
13 Weeks Ended
(in thousands, except per share amounts)
 
May 1, 2015
 
May 2, 2014
Net income
 
$
1,724

 
$
10,868

 
 
 
 
 
Basic weighted average shares outstanding
 
31,957

 
31,957

Dilutive effect of stock awards
 
103

 
—

Diluted weighted average shares outstanding
 
32,060

 
31,957

 
 
 
 
 
Basic earnings per share
 
$
0.05

 
$
0.34

Diluted earnings per share
 
$
0.05

 
$
0.34


Anti-dilutive stock awards are comprised of awards which are anti-dilutive in the application of the treasury stock method. There were no anti-dilutive securities excluded from the diluted weighted average shares outstanding for the First Quarter 2015 or the First Quarter 2014.