Earnings (Loss) Per Share

9 Months Ended

Oct. 30, 2021

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Note 4 – Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares outstanding during each period presented. Diluted earnings (loss) per share is computed by dividing net income (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 earnings (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 earnings (loss) per share, because to do so would have been antidilutive, were approximately 168,000 shares and 1.2 million shares for the 13-week periods ended October 30, 2021 and October 31, 2020, respectively, and 145,000 shares and 1.4 million shares for the 39-week periods ended October 30, 2021 and October 31, 2020, respectively.