Quarterly report pursuant to Section 13 or 15(d)

(Loss) Earnings Per Share

v3.20.2
(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.