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 US GAAP. 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)	November 2, 2018		October 27, 2017		November 2, 2018			October 27, 2017
Net income (loss)	$	3,294	$	162	$	(4,621	)	$	(11,557	)

Basic weighted average common shares outstanding	32,211		32,095		32,182			32,068
Dilutive effect of stock awards	103		22		—			—
Diluted weighted average common shares outstanding	32,314		32,117		32,182			32,068

Basic Earnings (Loss) per share	$	0.10	$	0.01	$	(0.14	)	$	(0.36	)
Diluted Earnings (Loss) per share	$	0.10	$	0.01	$	(0.14	)	$	(0.36	)

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 484,743, 827,057, 408,092, and 692,175 anti-dilutive shares excluded from the diluted weighted average shares outstanding for Third Quarter 2018, Third Quarter 2017, Year-to-Date 2018, and Year-to-Date 2017, respectively.