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 4, 2019		May 5, 2018
(in thousands)
Common stock outstanding:
Basic weighted average common shares outstanding		49,602		48,791
Common stock equivalents – stock options and restricted stock ⁽¹⁾		—		—
Diluted weighted average common shares outstanding		49,602		48,791

(1)

Common stock equivalents of 525 shares and 377 shares for the three months ended May 4, 2019 and May 5, 2018, 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 4, 2019		May 5, 2018
(in thousands, except exercise prices)
Stock options		942		1,242
Restricted stock units		1,105		316
Restricted and deferred stock		39		65
Range of exercise prices of such options	$2.00 - $7.02		$1.85 - $7.02

The above options, which were outstanding at May 4, 2019, expire from March 19, 2020 to June 29, 2028.

Shares of unvested time-based restricted stock of 20,000 at May 4, 2019 and 66,666 shares at May 5, 2018 were excluded from the computation of basic earnings per share and will continue to be excluded until such shares vest.

All 20,000 shares of restricted stock outstanding at May 4, 2019 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. The 720,000 PSUs are excluded from basic and diluted earnings per share until the market condition is achieved.