(LOSS) EARNINGS PER SHARE

12 Months Ended

Jan. 31, 2015

(LOSS) EARNINGS PER SHARE

(LOSS) EARNINGS PER SHARE

3. (LOSS) EARNINGS PER SHARE

Basic (loss) earnings per common share attributable to common shareholders is determined using the two-class method and is computed by dividing net (loss) earnings attributable to common shareholders by the weighted-average common shares outstanding during the period. Diluted (loss) earnings per common share attributable to common shareholders reflects the more dilutive earnings per common share amount calculated using the treasury stock method or the two-class method.

The following table sets forth the computation of basic and diluted (loss) earnings per common share attributable to common shareholders (in thousands, except per share amounts). Basic and diluted (loss) earnings per common share attributable to common shareholders are computed using the actual net (loss) earnings available to common shareholders and the actual weighted-average common shares outstanding rather than the rounded numbers presented within our consolidated statement of (loss) earnings and the accompanying notes. As a result, it may not be possible to recalculate (loss) earnings per common share attributable to common shareholders in our consolidated (loss) statement of earnings and the accompanying notes.

	Fiscal Year
	2014			2013			2012
Numerator
Total net (loss) earnings attributable to common shareholders	$	(387	)	$	83,791		$	131,716
Net earnings allocated to participating securities (restricted stock and deferred stock units)		—			(442	)		(1,559	)
Net (loss) earnings attributable to common shareholders	$	(387	)	$	83,349		$	130,157
Denominator
Basic weighted-average common shares outstanding		47,899			48,849			50,793
Dilutive effect of share-based awards		—			313			233
Diluted weighted-average common shares outstanding		47,899			49,162			51,026
Net (loss) earnings per common share attributable to common shareholders:
Basic	$	(0.01	)	$	1.71		$	2.56
Diluted	$	(0.01	)	$	1.70		$	2.55

For fiscal 2014, 2013, and 2012, 0.2, 0.2 and 0.3 million anti-dilutive shares of common stock were excluded from the calculation of diluted (loss) earnings per common share attributable to common shareholders, respectively.