EARNINGS PER SHARE

3 Months Ended

Oct. 31, 2020

NOTE 13—EARNINGS PER SHARE

The following is a reconciliation of the basic and diluted number of shares used in computing earnings per share:


	13-Week Period Ended
(in thousands, except per share data)	October 31, 2020		November 2, 2019
Basic weighted average shares outstanding	55,171		53,213
Net effect of dilutive stock awards based upon the treasury stock method	—		—
Diluted weighted average shares outstanding	55,171		53,213

Basic (loss) earnings per share:
Continuing operations	$	(0.04)	$	(7.29)
Discontinued operations	$	0.02	$	0.08
Basic loss per share	$	(0.02)	$	(7.21)
Diluted (loss) earnings per share:
Continuing operations	$	(0.04)	$	(7.29)
Discontinued operations(1)	$	0.02	$	0.08
Diluted loss per share	$	(0.02)	$	(7.21)

Anti-dilutive stock-based awards excluded from the calculation of diluted earnings per share	5,247		8,272

(1)The computation of diluted earnings per share from discontinued operations is calculated using diluted weighted average shares outstanding, which includes the net effect of dilutive stock awards, of approximately 3.95 million and 63 thousand for the first quarters of fiscal 2021 and 2020, respectively.