Annual report pursuant to Section 13 and 15(d)

EARNINGS (LOSS) PER SHARE

v3.6.0.2
EARNINGS (LOSS) PER SHARE
12 Months Ended
Jan. 28, 2017
EARNINGS (LOSS) PER SHARE  
EARNINGS (LOSS) PER SHARE

5.    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 allocated to common shareholders reflects the more dilutive earnings 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 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 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). 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

    

2015

    

2014

 

Numerator

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to common shareholders

 

$

24,956

 

$

(1,026,719)

 

$

(387)

 

Net earnings allocated to participating securities (restricted stock and deferred stock units)

 

 

(28)

 

 

 —

 

 

 —

 

Net earnings (loss) allocated to common shareholders

 

$

24,928

 

$

(1,026,719)

 

$

(387)

 

Denominator

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

 

48,607

 

 

48,288

 

 

47,899

 

Dilutive effect of share-based awards

 

 

179

 

 

 —

 

 

 —

 

Diluted weighted-average common shares outstanding

 

 

48,786

 

 

48,288

 

 

47,899

 

Net earnings (loss) per common share allocated to common shareholders:

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.51

 

$

(21.26)

 

$

(0.01)

 

Diluted

 

$

0.51

 

$

(21.26)

 

$

(0.01)

 

For fiscal 2016, 2015 and 2014, 1.6,  0.4, and 0.2 million anti‑dilutive shares of common stock were excluded from the calculation of diluted earnings (loss) per common share allocated to common shareholders, respectively.