NOTE

–

INCOME (LOSS) PER SHARE

e Company computes basic earnings (loss) per share (“EPS”) by dividing net income (loss), by the weighted average common shares outstanding, including participating securities outstanding, during the period as depicted below. Diluted EPS reflects the potential dilution beyond shares for basic EPS that could occur if securities or other contracts to issue common stock were exercised, converted into common stock or resulted in the issuance of common stock that would have shared in the Company’s earnings. Income attributable to non-controlling interest is included in the computation of basic and diluted earnings per share, where applicable.

The Company includes all unvested stock awards which contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, in the number of

common shares outstanding in our basic and diluted EPS calculations when the inclusion of these shares would be dilutive. Unvested share-based awards of restricted stock are paid dividends equally with all other shares of common stock. As a result, the Company includes all outstanding restricted stock awards in the calculation of basic and diluted EPS. Distributed earnings include common stock dividends and dividends earned on unvested share-based payment awards. Undistributed earnings represent earnings that were available for distribution but were

not

distributed. The following tables show distributed and undistributed earnings:

	Fiscal Year
	201 7		20 16		20 15
Earnings per share:
Basic earnings per share
Distributed earnings	$	0.25	$	0.22	$	0.18
Undistributed earnings		0.61		0.61		0.92
	$	0.86	$	0.83	$	1.10

Diluted earnings per share
Distributed earnings	$	0.25	$	0.22	$	0.18
Undistributed earnings		0.61		0.61		0.92
	$	0.86	$	0.83	$	1.10

The following table presents

net income that was attributable to participating securities:

	Fiscal Year

	20 17		201 6		201 5
	(in millions)
Net income attributable to participating securities	$	0.4	$	0.4	$	1.6

The weighted average shares for

basic and diluted EPS were as follows:

	Fiscal Year

	201 7		201 6		20 15
	(in thousands)
Weighted Average Shares Outstanding		61,528		64,593		64,557
Participating Securities		468		505		1,470
Shares for Basic Earnings Per Share		61,996		65,098		66,027
Dilutive Effect of Stock Options		44		38		48
Shares for Diluted Earnings Per Share		62,040		65,136		66,075

For all periods presented, there were

stock options excluded from the determination of diluted EPS.