6. Earnings per Share

The following table provides a reconciliation of the number of shares outstanding for basic and diluted earnings per share:

	For the three months ended
	May 5, 2018		April 29, 2017
(in thousands)
Common Stock Outstanding:
Basic weighted average common shares outstanding		48,791		49,735
Common stock equivalents – stock options and restricted stock ⁽¹⁾		—		—
Diluted weighted average common shares outstanding		48,791		49,735

(1)

Common stock equivalents of 377 shares and 73 shares for the three months ended May 5, 2018 and April 29, 2017, respectively, were excluded due to the net loss.

The following potential common stock equivalents were excluded from the computation of diluted earnings per share in each period because the exercise price of such options was greater than the average market price per share of common stock for the respective periods or because of the unearned compensation associated with either stock options, restricted stock units, restricted or deferred stock had an anti-dilutive effect.

	For the three months ended
	May 5, 2018		April 29, 2017
(in thousands, except exercise prices)
Stock options		1,242		1,377
Restricted stock units		316		1,086
Restricted and deferred stock		65		477
Range of exercise prices of such options	$1.85 - $7.02		$3.20 - $7.52

The above options, which were outstanding at May 5, 2018, expire from June 8, 2018 to March 14, 2028.

Shares of unvested time-based restricted stock of 66,666 at May 5, 2018 and 482,002 shares at April 29, 2017 were excluded from the computation of basic earnings per share and will continue to be excluded until such shares vest.

All 66,666 shares of restricted stock outstanding at May 5, 2018 are considered issued and outstanding. Each share of restricted stock has all of the rights of a holder of the Company’s common stock, including, but not limited to, the right to vote and the right to receive dividends, which rights are forfeited if the restricted stock is forfeited.