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Earnings (Loss) Per Share
 12 Months Ended
Oct. 28, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to the Company by the weighted average number of shares outstanding during each period. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share, except that the weighted average number of shares outstanding is increased to include additional shares from the assumed exercise of stock options, performance shares and restricted stock units, if dilutive.

The following table sets forth the computation of basic and diluted earnings (loss) per share:
In thousands, except per share amounts
October 28,
2016
 
October 30,
2015
 
October 31,
2014
Numerator:
 
 
 
 
 
(Loss) income from continuing operations
$
(63,845
)
 
$
(1,178,004
)
 
$
338,118

Income from discontinued operations, net of income taxes
5,466

 
—

 
—

Net (loss) income
$
(58,379
)
 
$
(1,178,004
)
 
$
338,118

Denominator:
 
 
 
 
 
Weighted average shares outstanding
98,040

 
97,493

 
100,088

Dilutive effect of stock options, performance shares and restricted stock units
—

 
—

 
851

Weighted average shares outstanding assuming dilution
98,040

 
97,493

 
100,939

Basic (loss) earnings per share:
 
 
 
 
 
(Loss) income from continuing operations
$
(0.65
)
 
$
(12.08
)
 
$
3.38

Income from discontinued operations, net of income taxes
0.06

 
—

 
—

Net (loss) income
$
(0.59
)
 
$
(12.08
)
 
$
3.38

Diluted (loss) earnings per share:
 
 
 
 
 
(Loss) income from continuing operations
$
(0.65
)
 
$
(12.08
)
 
$
3.35

Income from discontinued operations, net of income taxes
0.06

 
—

 
—

Net (loss) income
$
(0.59
)
 
$
(12.08
)
 
$
3.35



In fiscal 2016 and 2015, the computation of weighted average shares outstanding assuming dilution does not include the effect of stock options, performance shares and restricted stock units because a net loss existed from continuing operations and thus the result would have been antidilutive. Weighted average shares outstanding used for diluted loss per share from both continuing operations and discontinued operations therefore excludes 4.4 million and 3.2 million shares for these antidilutive items for fiscal 2016 and 2015, respectively.

Options to purchase a weighted average of 1.8 million shares were excluded from the calculation of diluted earnings per share for fiscal 2014, as the effect would have been antidilutive.