Earnings Per Share

9 Months Ended

Oct. 31, 2015

NOTE 8 — Earnings Per Share

The Company calculates earnings per share ("EPS") under the guidance in ASC 260-10, "Earnings per Share," which clarifies that unvested share-based payment awards which contain non-forfeitable rights to receive dividends or dividend equivalents (whether paid or unpaid) are considered participating securities, and thus, should be factored into the two-class method of computing EPS. Participating securities under this statement include some of the Company's unvested employee and director restricted stock awards with time-based vesting, which receive non-forfeitable dividend payments.

The calculation of EPS for common stock shown below excludes the income attributable to unvested employee restricted stock awards from the numerator and excludes the dilutive impact of these shares from the denominator.


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 31,		November 1,		October 31,		November 1,
	2015		2014		2015		2014
Numerator (in thousands):
Net (loss) income attributable to Christopher & Banks Corporation	$	(315)	$	8,983	$	(2,467)	$	14,962
Income allocated to participating securities		—		(27)		—		(45)
Net (loss) income available to common stockholders	$	(315)	$	8,956	$	(2,467)	$	14,917
Denominator (in thousands):
Weighted average common shares outstanding - basic		36,906		36,805		36,877		36,685
Dilutive shares		—		909		—		984
Weighted average common and common equivalent shares outstanding - diluted		36,906		37,714		36,877		37,669
Net (loss) earnings per common share:
Basic	$	(0.01)	$	0.24	$	(0.07)	$	0.41
Diluted	$	(0.01)	$	0.24	$	(0.07)	$	0.40

Total stock options of approximately 0.3 million were excluded from the shares used in the computation of diluted earnings per share for the thirteen and thirty-nine week periods ended November 1, 2014, respectively, as they were anti-dilutive.