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Net Income (Loss) Per Share
 6 Months Ended
Aug. 02, 2014
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE
NET INCOME (LOSS) PER SHARE

Net income (loss) per basic and diluted share is computed based on the weighted-average number of outstanding shares of Common Stock.

Weighted-Average Shares Outstanding and Anti-Dilutive Shares (in thousands):
 
Thirteen Weeks Ended
 
Twenty-Six Weeks Ended
(in thousands)
August 2, 2014
 
August 3, 2013
 
August 2, 2014
 
August 3, 2013
Shares of Common Stock issued
103,300

 
103,300

 
103,300

 
103,300

Treasury shares
(30,864
)
 
(25,918
)
 
(29,841
)
 
(25,447
)
Weighted-Average—Basic Shares
72,436

 
77,382

 
73,459

 
77,853

Dilutive effect of share-based compensation awards
1,320

 
1,885

 
—

 
1,856

Weighted-Average—Diluted Shares
73,756

 
79,267

 
73,459

 
79,709

Anti-Dilutive Shares (1)
5,662

 
3,613

 
11,403

 
3,580


(1) 
Reflects the number of shares subject to outstanding share-based compensation awards but excluded from the computation of net income (loss) per diluted share because the impact would have been anti-dilutive.

On February 27, 2014, A&F entered into an Accelerated Share Repurchase Agreement ("ASR Agreement") with a financial institution in order to repurchase shares of A&F's Common Stock during the term of the ASR Agreement which extended through April 2014. Pursuant to the ASR Agreement, A&F paid $150 million and, in exchange, 3.1 million shares were initially delivered to A&F and accounted for as a reduction to stockholders' equity. The transaction contemplated by the ASR Agreement was completed during the first quarter, at which time A&F received 0.7 million additional shares. The total number of shares delivered upon settlement of the ASR Agreement was based upon the volume weighted average price of the A&F’s Common Stock over the term of the ASR Agreement, less an agreed discount.

During the second quarter of Fiscal 2014, A&F repurchased approximately 1.5 million additional shares of A&F’s Common Stock in the open market at a market value of approximately $60 million.