EARNINGS (LOSS) PER SHARE

The numerator for both basic and diluted EPS is net income (loss). 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. Potentially dilutive securities for the diluted EPS calculations consist of nonvested equity shares of common stock and in-the-money outstanding stock options, if any, to purchase the Company’s common stock.

The following table summarizes the components of basic and diluted EPS:



	13 Weeks Ended					39 Weeks Ended
(in thousands, except per share amounts)	October 27, 2017		October 28, 2016			October 27, 2017			October 28, 2016
Net income (loss)	$	162	$	(7,222	)	$	(11,557	)	$	(14,961	)

Basic weighted average shares outstanding	32,095		32,029			32,068			32,018
Dilutive effect of stock awards	22		—			—			—
Diluted weighted average shares outstanding	32,117		32,029			32,068			32,018

Basic earnings (loss) per share	$	0.01	$	(0.23	)	$	(0.36	)	$	(0.47	)
Diluted earnings (loss) per share	$	0.01	$	(0.23	)	$	(0.36	)	$	(0.47	)

Stock awards are considered anti-dilutive based on the application of the treasury stock method or in the event of a net loss. There were 827,057, 376,347, 692,175 and 314,664 shares excluded from the diluted weighted average shares outstanding for Third Quarter 2017, Third Quarter 2016, Year to Date 2017 and Year to Date 2016, respectively.