Earnings Per Share

3 Months Ended

May 02, 2020

NOTE 3 | EARNINGS PER SHARE

The following table provides a reconciliation between basic and diluted weighted-average shares used to calculate basic and diluted earnings per share:


	Thirteen Weeks Ended
	May 2, 2020	May 4, 2019
	(in thousands)
Weighted-average shares - basic	64,030	66,845
Dilutive effect of stock options and restricted stock units	—	—
Weighted-average shares - diluted	64,030	66,845

Equity awards representing 9.6 million shares of common stock were excluded from the computation of diluted earnings per share for the thirteen weeks ended May 2, 2020, as the inclusion of these awards would have been

anti-dilutive. Equity awards representing 5.9 million shares of common stock were excluded from the computation of diluted earnings per share for the thirteen weeks ended May 4, 2019, as the inclusion of these awards would have been anti-dilutive.

Additionally, for the thirteen weeks ended May 2, 2020, approximately 0.2 million shares were excluded from the computation of diluted weighted average shares because the number of shares that will ultimately be issued is contingent on the Company’s performance compared to pre-established performance goals which have not been achieved as of May 2, 2020.