Quarterly report pursuant to Section 13 or 15(d)

(Loss) Earnings per Share

v3.3.1.900
(Loss) Earnings per Share
9 Months Ended
Oct. 31, 2015
(Loss) Earnings per Share  
(Loss) Earnings per Share

 

 

3.  (Loss) Earnings per Share

 

Basic (loss) earnings per common share allocated to common shareholders is determined using the two-class method and is computed by dividing net (loss) earnings allocated to common shareholders by the weighted-average common shares outstanding during the period.  Diluted (loss) earnings per common share reflect the more dilutive (loss) 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 allocated to common shareholders (in thousands, except per share amounts). Basic and diluted (loss) earnings per common share allocated to common shareholders are computed using the actual net (loss) earnings allocated to common shareholders 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 allocated to common shareholders in our condensed consolidated statement of (loss) earnings and the accompanying notes.

 

 

 

For the Three Months Ended

 

For the Nine Months Ended

 

 

 

October 31,
2015

 

November 1,
2014

 

October 31,
2015

 

November 1,
2014

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

Total net (loss) earnings attributable to common shareholders

 

$

(27,154

)

$

6,793

 

$

30,994

 

$

35,535

 

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

 

 

(14

)

(31

)

(100

)

 

 

 

 

 

 

 

 

 

 

Net (loss) earnings allocated to common shareholders

 

$

(27,154

)

$

6,779

 

$

30,963

 

$

35,435

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

48,339

 

48,009

 

48,258

 

47,852

 

Dilutive effect of share-based awards

 

 

245

 

255

 

272

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted-average common shares outstanding

 

48,339

 

48,254

 

48,513

 

48,124

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.56

)

$

0.14

 

$

0.64

 

$

0.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

$

(0.56

)

$

0.14

 

$

0.64

 

$

0.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 (loss) earnings per common share, respectively.  For each of the three and nine months ended November 1, 2014, 0.2 million anti-dilutive shares of common stock were excluded from the calculation of diluted (loss) earnings per common share.