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 U.S. 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
(in thousands, except per share amounts)	May 3, 2019			May 4, 2018
Net loss	$	(6,818	)	$	(2,630	)

Basic weighted average common shares outstanding	32,261			32,125
Dilutive effect of stock awards	—			—
Diluted weighted average common shares outstanding	32,261			32,125

Basic Loss per share	$	(0.21	)	$	(0.08	)
Diluted Loss per share	$	(0.21	)	$	(0.08	)

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 796,269 and 647,799 anti-dilutive shares excluded from the diluted weighted average shares outstanding for First Quarter 2019 and First Quarter 2018.