Earnings Per Share

3 Months Ended

Apr. 30, 2016

(Loss) earnings per share is computed under the provisions of ASC Topic 260, Earnings Per Share. Basic (loss) income per share is computed based on the weighted average number of common shares outstanding during the period. Diluted (loss) earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method, whereby proceeds from such exercise, unamortized compensation and hypothetical excess tax benefits, if any, on share-based awards are assumed to be used by us to purchase the common shares at the average market price during the period. Potentially dilutive shares of common stock represent outstanding stock options and restricted stock awards.

The components of basic and diluted (loss) earnings per share are as follows (in thousands, except per share amounts):



	First Quarter Ended
	April 30, 2016			May 2, 2015
Net (loss) income	$	(2,745	)	$	1,282
Weighted average basic shares outstanding	28,425			28,173
Dilutive effect of stock options and restricted stock	—			148
Weighted average shares for diluted (loss) earnings per share	28,425			28,321
Basic (loss) earnings per share of Class A and Class B common stock	$	(0.10	)	$	0.05
Diluted (loss) earnings per share of Class A and Class B common stock	$	(0.10	)	$	0.05

The following stock options and restricted stock have been excluded from the calculation of diluted (loss) earnings per share as the effect of including these stock options and restricted stock would have been anti-dilutive:



	First Quarter Ended
	April 30, 2016	May 2, 2015
Stock options	2,113,200	1,886,517
Restricted stock	176,463	126,154
Total	2,289,663	2,012,671