(Loss) Earnings Per Share

9 Months Ended

Oct. 29, 2022

Earnings Per Share [Abstract]

(Loss) Earnings Per Share

Note 4 – (Loss) Earnings Per Share

Basic (loss) earnings per share is computed by dividing net (loss) income by the weighted average number of shares outstanding during each period presented. Diluted (loss) earnings per share is computed by dividing net (loss) income by the weighted average number of shares outstanding plus the dilutive effect of stock equivalents outstanding during the applicable periods using the treasury stock method. Diluted (loss) earnings per share reflects the potential dilution that could occur if options to purchase stock were exercised into common stock and if outstanding grants of restricted stock were vested. Stock options and restricted stock units that were not included in the computation of diluted (loss) earnings per share, because to do so would have been antidilutive, were approximately 531,000 shares and 168,000 shares for the 13-week periods ended October 29, 2022 and October 30, 2021, respectively, and 597,000 shares and 145,000 shares for the 39-week periods ended October 29, 2022 and October 30, 2021, respectively.