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
	January 30, 2021		February 1, 2020		February 2, 2019
Numerator:


Net income (loss)	$	(277,298)	$	1,584,391	$	(179,094)
Denominator:
Weighted-average shares — basic	668,772		664,709		591,232
Effect of dilutive securities:
Share-based awards	—		11,385		—
Weighted-average shares — diluted	668,772		676,094		591,232







Net income (loss) per share:
Basic	$	(0.41)	$	2.38	$	(0.30)
Diluted	$	(0.41)	$	2.34	$	(0.30)

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.

Year Ended

January 30,
2021

February 1,
2020

February 2,
2019

Weighted-average shares outstanding:

Share-based awards

11,268

1,124

20,435

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. Anti-dilutive potential shares from share-based awards are also excluded from the calculation of diluted earnings per share for the years ended January 30, 2021 and February 2, 2019 due to the net losses reported in those periods.