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					For the six months ended
	August 4, 2018			July 29, 2017		August 4, 2018		July 29, 2017
(in thousands)
Common Stock Outstanding:
Basic weighted average common shares outstanding		49,060	48,556		48,926		49,146
Common stock equivalents – stock options and restricted stock ⁽¹⁾		—	—		—		—
Diluted weighted average common shares outstanding		49,060	48,556		48,926		49,146

(1)

Common stock equivalents of 489 shares and 345 shares for the three months ended August 4, 2018 and July 29, 2017, respectively, and 458 shares and 166 shares for the six months ended August 4, 2018 and July 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				For the six months ended
	August 4, 2018		July 29, 2017		August 4, 2018		July 29, 2017
(in thousands, except exercise prices)
Stock options		1,147		1,377		1,147		1,377
Restricted stock units		80		1,119		80		1,119
Restricted and deferred stock		30		53		36		56
Range of exercise prices of such options	$1.85 - $7.02		$3.16 - $7.52		$1.85 - $7.02		$3.16 - $7.52

The above options, which were outstanding at August 4, 2018, expire from March 19, 2020 to June 29, 2028.

Shares of unvested time-based restricted stock of 30,000 at August 4, 2018 and 53,333 shares at July 29, 2017 were excluded from the computation of basic earnings per share and will continue to be excluded until such shares vest.

The 30,000 shares of restricted stock outstanding at August 4, 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.