(Loss) Earnings Per Share

3 Months Ended

Apr. 29, 2023

Earnings Per Share [Abstract]

(Loss) Earnings Per Share

Note 4 – Loss Per Share

Basic loss per share is computed by dividing net loss by the weighted average number of shares outstanding during each period presented. Diluted loss per share is computed by dividing net loss 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 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 per share, because to do so would have been antidilutive, were approximately 601,000 shares and 789,000 shares for the 13-week periods ended April 29, 2023 and April 30, 2022, respectively.