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 options where the current stock price exceeds the option strike price, 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 1, 2019		November 2, 2018		November 1, 2019			November 2, 2018
Net income (loss)	$	3,606	$	3,294	$	(6,226	)	$	(4,621	)

Basic weighted average common shares outstanding	32,371		32,211		32,333			32,182
Dilutive effect of stock awards	28		103		—			—
Diluted weighted average common shares outstanding	32,398		32,314		32,333			32,182

Basic earnings (loss) per share	$	0.11	$	0.10	$	(0.19	)	$	(0.14	)
Diluted earnings (loss) per share	$	0.11	$	0.10	$	(0.19	)	$	(0.14	)

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 653,235, 484,743, 763,163 and 714,530 anti-dilutive shares excluded from the diluted weighted average shares outstanding for Third Quarter 2019, Third Quarter 2018, Year-to-Date 2019 and Year-to-Date 2018, respectively.