Earnings (Loss) Per Share

9 Months Ended

Aug. 01, 2021

Basic and diluted net income (loss) per share are calculated as follows (in thousands, except per share amounts):


	Three Months Ended				Nine Months Ended
	August 1, 2021		August 2, 2020		August 1, 2021		August 2, 2020
Numerator
Net income (loss)	$	615	$	(4,837)	$	48	$	(21,070)

Denominator
Basic weighted average number of shares	21,968		21,589		21,851		21,474
Diluted weighted average number of shares	22,651		21,589		22,542		21,474

Net income (loss) per share:
Basic	$	0.03	$	(0.22)	$	—	$	(0.98)
Diluted	$	0.03	$	(0.22)	$	—	$	(0.98)

The diluted earnings per share for the three and nine months ended August 1, 2021 did not include the effect of potentially dilutive outstanding shares comprised of 578,577 restricted stock units (“RSUs”), 185,024 stock options and 380,847 performance stock units (“PSUs”) because the effect would have been anti-dilutive.

The diluted earnings per share for the three and nine months ended August 2, 2020 did not include the effect of potentially dilutive outstanding shares comprised of 1,006,798 RSUs, 331,944 stock options and 209,662 PSUs because the effect would have been anti-dilutive.