Earnings Per Share

6 Months Ended

Aug. 01, 2020

The computation of basic earnings per share (EPS) is based on the number of weighted-average common shares outstanding during the period. The computation of diluted EPS is based on the weighted-average number of shares outstanding plus the incremental shares that would be outstanding assuming exercise of dilutive stock options and issuance of restricted stock. The number of incremental shares is calculated by applying the treasury stock method. The following table sets forth the weighted-average common shares outstanding (in thousands):


	13-Weeks Ended			26-Weeks Ended
	August 1, 2020	August 3, 2019	August 1, 2020	August 3, 2019
Weighted-average shares used in basic computations	16,535	17,906	16,540	18,107
Dilutive equity awards	447	—	224	113
Weighted-average shares used in diluted computations	16,982	17,906	16,764	18,220

For the 13-weeks ended August 1, 2020, we excluded 228,173 options from the computation of diluted weighted-average common shares and common stock equivalents outstanding because of their anti-dilutive effect. For the 13-weeks ended August 3, 2019, all stock-based awards were excluded from the computation of diluted weighted-average common shares and common stock equivalents outstanding. During periods of net income, we exclude anti-dilutive options and unvested stock awards granted to certain employees from the computation of diluted weighted-average common shares and common share equivalents outstanding because they are subject to certain performance-based annual vesting conditions which had not been achieved by period end. During periods of net loss, no effect is given for anti-dilutive options or unvested stock awards.

We also excluded 8,950 unvested stock awards granted to certain employees from the computation of diluted weighted-average common shares and common share equivalents outstanding because they are subject to certain performance-based annual vesting conditions which had not been achieved by August 1, 2020. Assuming the performance-criteria had been achieved as of August 1, 2020, the incremental dilutive impact would have been 6,785 shares.