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Earnings Per Share
6 Months Ended
Jul. 29, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The numerator for both basic and diluted EPS is net (loss) 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 ASC.
The following table summarizes the components of basic and diluted EPS:
 
 
13 Weeks Ended
 
26 Weeks Ended
(in thousands, except per share amounts)
 
July 29, 2016
 
July 31, 2015
 
July 29, 2016
 
July 31, 2015
Net (loss) income
 
$
(1,980
)
 
$
7,461

 
$
(7,739
)
 
$
9,185

 
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
32,024

 
31,978

 
32,013

 
31,967

Dilutive effect of stock awards
 

 
69

 

 
82

Diluted weighted average shares outstanding
 
32,024

 
32,047

 
32,013

 
32,049

 
 
 
 
 
 
 
 
 
Basic (loss) earnings per share
 
$
(0.06
)
 
$
0.23

 
$
(0.24
)
 
$
0.29

Diluted (loss) earnings per share
 
$
(0.06
)
 
$
0.23

 
$
(0.24
)
 
$
0.29

Anti-dilutive stock awards are comprised of awards which are anti-dilutive in the application of the treasury stock method and are excluded from the diluted weighted average shares outstanding. Total anti-dilutive stock awards were 36,392 and 54,035 shares for the Second Quarter 2016 and Year to Date 2016, respectively, due to the net loss reported. Total anti-dilutive stock awards were 133,081 shares for both the Second Quarter 2015 and Year to Date 2015.