Earnings Per Share

6 Months Ended

Jul. 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		26-Weeks Ended
	July 29, 2023	July 30, 2022	July 29, 2023	July 30, 2022
Weighted-average shares used in basic computations	12,648	12,951	12,719	13,088
Dilutive equity awards	174	310	248	348
Weighted-average shares used in diluted computations	12,822	13,261	12,967	13,436

For the 13-weeks ended July 29, 2023, we excluded 42,452 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 July 30, 2022, 66,026 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 July 29, 2023 and July 30, 2022, we also excluded 66,246 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 July 29, 2023 and July 30, 2022, respectively. Assuming the performance criteria had been achieved as of July 29, 2023, the incremental dilutive impact would have been 10,219 shares. There would have been 5,003 dilutive impact on shares assuming the performance criteria had been achieved as of July 30, 2022.