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
3 Months Ended
May 02, 2020
Net income (loss) per common share  
Net income (loss) per common share

12.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

May 2,

May 4,

(In thousands, except per share data)

    

2020

    

2019

Numerator:

Net income (loss)

    

$

(78,509)

$

192,221

Denominator:

Weighted-average common shares – Basic

56,419

58,631

Dilutive effect of stock options and non-vested stock

362

Weighted-average common shares – Diluted

56,419

58,993

Net income (loss) per common share:

Basic

$

(1.39)

$

3.28

Diluted

$

(1.39)

$

3.26

The denominator for diluted net income (loss) per common share for the 13 weeks ended May 2, 2020 and May 4, 2019 excludes 732 and 152 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.