(Loss) Earnings Per Share

3 Months Ended

May 02, 2020

(Loss) Earnings Per Share

(Loss) Earnings Per Share

5. (Loss) Earnings Per Share

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

	For the Three Months Ended
	May 2,		May 4,
	2020		2019
Numerator
Net (loss) earnings from continuing operations	$	(269,888)	$	6,480
Earnings from discontinued operations, net of tax		—		662
Net (loss) earnings	$	(269,888)	$	7,142
Denominator
Basic weighted-average common shares outstanding		48,596		50,280
Dilutive effect of share-based awards		—		307
Diluted weighted-average common shares outstanding		48,596		50,587
Net (loss) earnings from continuing operations per common share:
Basic	$	(5.55)	$	0.13
Diluted	$	(5.55)	$	0.13
Net earnings from discontinued operations per common share:
Basic	$	—	$	0.01
Diluted	$	—	$	0.01
Net (loss) earnings per common share:
Basic	$	(5.55)	$	0.14
Diluted	$	(5.55)	$	0.14

For the three months ended May 2, 2020 and May 4, 2019, 4.0 million and 2.0 million anti-dilutive shares of common stock were excluded from the calculation of diluted (loss) earnings per common share, respectively.