v3.8.0.1
Net Income (Loss) Per Share
 12 Months Ended
Feb. 03, 2018
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share
The Company reports both basic net income (loss) per share, which is based on the weighted average number of common shares outstanding during the period, and diluted net income (loss) per share, which is based on the weighted average number of common shares outstanding and potentially dilutive shares outstanding during the period. The computations of basic and diluted net income (loss) per share are presented in the following table (in thousands, except per share amounts):
 
Year Ended
 
February 3,
2018
 
January 28,
2017
 
January 30,
2016
Numerator:
 
 
 
 
 
Income (loss) from continuing operations, net of tax
$
433,142

 
$
74,821

 
$
(738,441
)
Income (loss) from discontinued operations, net of tax
87,689

 
(53,670
)
 
(72,959
)
Net income (loss)
$
520,831

 
$
21,151

 
$
(811,400
)
Denominator:
 
 
 
 
 
Weighted average shares — basic
498,008

 
509,738

 
510,945

Effect of dilutive securities:
 
 
 
 
 
Share-based awards
11,659

 
7,775

 
—

Weighted average shares — diluted
509,667

 
517,513

 
510,945

Income (loss) from continuing operations per share:
 
 
 
 
 
     Basic
$
0.87

 
$
0.15

 
$
(1.45
)
     Diluted
$
0.85

 
$
0.14

 
$
(1.45
)
Income (loss) from discontinued operations per share:
 
 
 
 
 
     Basic
$
0.18

 
$
(0.11
)
 
$
(0.14
)
     Diluted
$
0.17

 
$
(0.10
)
 
$
(0.14
)
Net income (loss) per share:
 
 
 
 
 
     Basic
$
1.05

 
$
0.04

 
$
(1.59
)
     Diluted
$
1.02

 
$
0.04

 
$
(1.59
)

Potential dilutive securities include dilutive common shares from share-based awards attributable to the assumed exercise of stock options, restricted stock units and employee stock purchase plan shares using the treasury stock method. Under the treasury stock method, potential common shares outstanding are not included in the computation of diluted net income per share, if their effect is anti-dilutive.
Anti-dilutive potential shares are presented in the following table (in thousands):
 
Year Ended
 
February 3, 2018
 
January 28, 2017
 
January 30, 2016
Weighted average shares outstanding:
 
 
 
 
 
Share-based awards
412

 
22,642

 
64,420


Anti-dilutive potential shares from share-based awards are excluded from the calculation of diluted earnings per share for all periods reported above because either their exercise price exceeded the average market price during the period or the share-based awards were determined to be anti-dilutive based on applying the treasury stock method.