Earnings (Loss) per Share

9 Months Ended

Oct. 29, 2016

Earnings (Loss) per Share

Earnings (Loss) per Share

3.  Earnings (Loss) per Share    

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

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

	For the Three Months Ended				For the Nine Months Ended
	October 29,		October 31,		October 29,		October 31,
	2016		2015		2016		2015
Numerator
Net earnings (loss)	$	28,433	$	(27,154)	$	55,045	$	30,994
Net earnings allocated to participating securities (restricted stock and deferred stock units)		(33)		—		(65)		(31)
Net earnings (loss) allocated to common shareholders	$	28,400	$	(27,154)	$	54,980	$	30,963
Denominator
Basic weighted-average common shares outstanding		48,655		48,339		48,570		48,258
Dilutive effect of share-based awards		157		—		121		255
Diluted weighted-average common shares outstanding		48,812		48,339		48,691		48,513
Net earnings (loss) per common share allocated to common shareholders:
Basic	$	0.58	$	(0.56)	$	1.13	$	0.64
Diluted	$	0.58	$	(0.56)	$	1.13	$	0.64

For the three and nine months ended October 29, 2016,  1.9 million and 1.7 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings (loss) per common share, respectively. For the three and nine months ended October 31, 2015,  0.4 million and 0.3 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings (loss) per common share, respectively.