Quarterly report pursuant to Section 13 or 15(d)

Net income (loss) per common share

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Net income (loss) per common share
6 Months Ended
Aug. 01, 2020
Net income (loss) per common share  
Net income (loss) per common share

13.Net income (loss) per common share

The following is a reconciliation of net income (loss) and the number of shares of common stock used in the computation of net income (loss) per basic and diluted share:

13 Weeks Ended

26 Weeks Ended

August 1,

August 3,

August 1,

August 3,

(In thousands, except per share data)

    

2020

    

2019

    

2020

    

2019

Numerator:

Net income (loss)

    

$

8,052

$

161,258

$

(70,457)

$

353,479

Denominator:

Weighted-average common shares – Basic

56,318

58,171

56,369

58,401

Dilutive effect of stock options and non-vested stock

179

275

317

Weighted-average common shares – Diluted

56,497

58,446

56,369

58,718

Net income (loss) per common share:

Basic

$

0.14

$

2.77

$

(1.25)

$

6.05

Diluted

$

0.14

$

2.76

$

(1.25)

$

6.02

The denominator for diluted net income per common share for the 13 weeks ended August 1, 2020 and August 3, 2019 excludes 553 and 101 employee stock options and restricted stock units, respectively, due to their anti-dilutive effects. The denominator for diluted net income (loss) per common share for the 26 weeks ended August 1, 2020 and August 3, 2019 excludes 711 and 164 employee stock options and restricted stock units, respectively, due to their anti-dilutive effects. Outstanding performance-based restricted stock units are included in the computation of dilutive shares only to the extent that the underlying performance conditions are satisfied prior to the end of the reporting period or would be considered satisfied if the end of the reporting period were the end of the related contingency period and the results would be dilutive under the treasury stock method.