Loss Per Share

Basic loss per share is computed by dividing net loss by the weighted average number of shares outstanding during each period. Diluted loss per share is computed similar to basic loss per share, except that the weighted average number of shares outstanding is increased to include additional shares from the assumed exercise of stock options, performance shares and restricted stock units, if dilutive.

The following table sets forth the computation of basic and diluted loss per share:



	Quarter Ended
In thousands, except per share amounts	January 27, 2017			January 29, 2016
Numerator:
Net loss	$	(277	)	$	(40,221	)
Denominator:
Weighted average shares outstanding	98,913			97,851
Dilutive effect of stock options, performance shares and restricted stock units	—			—
Weighted average shares outstanding assuming dilution	98,913			97,851

Basic loss per share	$	0.00		$	(0.41	)
Diluted loss per share	$	0.00		$	(0.41	)

For the quarters ended January 27, 2017 and January 29, 2016, the computation of weighted average shares outstanding assuming dilution does not include the effect of stock options, performance shares and restricted stock units because net losses existed and thus the results would have been antidilutive. Weighted average shares outstanding used for diluted earnings per share therefore excludes 3.6 million and 5.3 million shares for these antidilutive items for the quarters ended January 27, 2017 and January 29, 2016, respectively.