Loss Per Share

3 Months Ended

May 01, 2020

Earnings Per Share Basic And Diluted [Abstract]

Loss Per Share

NOTE 3. LOSS PER SHARE

The numerator for both basic and diluted EPS is net 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.

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

	13 Weeks Ended
(in thousands, except per share amounts)	May 1, 2020			May 3, 2019
Net loss	$	(20,643	)	$	(6,818	)
Basic weighted average common shares outstanding		32,448			32,261
Dilutive effect of stock awards		—			—
Diluted weighted average common shares outstanding		32,448			32,261
Basic loss per share	$	(0.64	)	$	(0.21	)
Diluted loss per share	$	(0.64	)	$	(0.21	)

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 1,205,821 and 796,269 anti-dilutive shares excluded from the diluted weighted average shares outstanding for First Quarter 2020 and First Quarter 2019, respectively.