Earnings Per Share

12 Months Ended

Jan. 30, 2021

EARNINGS PER SHAREThe 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 computation of basic and diluted earnings per share in thousands:


	Fiscal Year Ended
	January 30, 2021 (52 weeks)		February 1, 2020 (52 weeks)		February 2, 2019 (52 weeks)
Net income	$	74,266	$	27,344	$	28,421

Weighted average number of common shares outstanding	16,547		17,746		18,644
Dilutive stock options	77		11		3
Dilutive restricted stock units	413		200		179
Weighted average number of common shares outstanding and dilutive shares	17,037		17,957		18,826

Basic earnings per share	4.49		1.54		1.52
Diluted earnings per share	4.36		1.52		1.51

In calculating diluted earnings per share 95,724, 148,821 and 260,845 options to purchase shares of common stock outstanding as of the end of the period were excluded in the computations of diluted earnings per share due to their anti-dilutive effect in Fiscal 2021, Fiscal 2020 and Fiscal 2019, respectively.

At January 30, 2021, we excluded 10,100 non-vested 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 performance-based annual vesting conditions which had not been achieved by the end of Fiscal 2021. Assuming the performance criteria had been achieved at target as of January 30, 2021, the incremental dilutive impact would have been 8,454 shares.