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Loss Per Share
 6 Months Ended
Aug. 01, 2020
Earnings Per Share [Abstract]  
Loss Per Share LOSS PER SHARE
In accordance with relevant accounting guidance, unvested share-based payment awards that include non-forfeitable rights to dividends, whether paid or unpaid, are considered participating securities. As a result, such awards are required to be included in the calculation of loss per common share pursuant to the "two-class" method. For the Company, participating securities are comprised entirely of unvested restricted stock awards granted prior to fiscal 2020 and PSUs that have met their relevant performance criteria.
Net loss per share is determined using the two-class method when it is more dilutive than the treasury stock method. Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted-average number of common shares outstanding during the period, including participating securities. Diluted net loss per share reflects the dilutive effect of potential common shares from non-participating securities such as restricted stock awards granted after fiscal 2019, stock options, PSUs and restricted stock units.
The following table sets forth the computation of net loss per basic and diluted share shown on the face of the accompanying condensed consolidated statements of loss:
 
Thirteen Weeks Ended
 
Twenty-Six Weeks Ended
 
August 1, 2020
 
August 3, 2019
 
August 1, 2020
 
August 3, 2019
Numerator
 
 
 
 
 
 
 
Net loss
$
(46,845
)
 
$
(2,309
)
 
$
(225,135
)
 
$
(284
)
Net income and dividends declared allocated to participating securities
—

 
—

 
(193
)
 
—

Net loss available to common shareholders
$
(46,845
)
 
$
(2,309
)
 
$
(225,328
)
 
$
(284
)
Denominator
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
115,912,031

 
114,802,252

 
115,743,004

 
114,618,153

Dilutive effect of non-participating securities
—

 
—

 
—

 
—

Weighted average common and common equivalent shares outstanding – diluted
115,912,031

 
114,802,252

 
115,743,004

 
114,618,153

Net loss per common share:
 
 
 
 
 
 
 
Basic
$
(0.40
)
 
$
(0.02
)
 
$
(1.95
)
 
$
—

Diluted
$
(0.40
)
 
$
(0.02
)
 
$
(1.95
)
 
$
—


For the thirteen weeks ended August 1, 2020 and August 3, 2019, 2.6 million and 0.8 million potential shares of common stock, respectively, were excluded from the diluted per share calculation relating to non-participating securities, because the effect of including these potential shares was antidilutive.
For the twenty-six weeks ended August 1, 2020 and August 3, 2019, 2.6 million and 0.4 million potential shares of common stock, respectively, were excluded from the diluted per share calculation relating to non-participating securities, because the effect of including these potential shares was antidilutive.