Earnings Per Share

3 Months Ended

Apr. 29, 2023

The computation of basic earnings per share ("EPS") is based on the weighted-average number of 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 number of common shares outstanding (in thousands):


	13-Weeks Ended
	April 29, 2023	April 30, 2022
Weighted-average shares used in basic computations	12,791	13,224
Dilutive equity awards	320	388
Weighted-average shares used in diluted computations	13,111	13,612

For the 13-weeks ended April 29, 2023, we excluded 88,001 options from the computations of diluted weighted-average common shares or common stock equivalents outstanding because of their anti-dilutive effect. For the 13-weeks ended April 30, 2022, 64,888 options were excluded from the computation of diluted weighted-average common shares or common share equivalents outstanding because of their anti-dilutive effect.

For the 13-weeks ended April 29, 2023 and April 30, 2022, we also excluded 117,037 and 94,962 unvested stock awards granted to certain employees from the computations 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 April 29, 2023 and April 30, 2022, respectively. Assuming the performance criteria had been achieved as of April 29, 2023, the incremental dilutive impact would have been 49,203 shares. There would have been no dilutive impact on shares assuming the performance criteria had been achieved as of April 30, 2022.