Earnings (Loss) Per Share Attributable to Common Stockholders (Tables)

12 Months Ended

Jul. 31, 2021

Reconciliation of the Numerator and Denominator Used in the Calculation of Basic and Diluted EPS

A reconciliation of the numerator and denominator used in the calculation of the basic and diluted EPS attributable to common stockholders is as follows (in thousands except share and per share amounts):


	July 31, 2021				August 1, 2020				August 3, 2019
(in thousands except share and per share amounts)	Class A		Class B		Class A		Class B		Class A		Class B
Numerator:
Net income (loss)	(5,557)		(3,319)		(36,860)		(30,257)		16,604		20,277
Less: noncumulative dividends to preferred stockholders	—		—		—		—		—		—
Less: undistributed earnings to participating securities	—		—		—		—		(8)		(10)
Net income (loss) attributable to common stockholders – basic	(5,557)		(3,319)		(36,860)		(30,257)		16,596		20,267
Add: adjustments to undistributed earnings to participating securities	—		—		—		—		1		—
Reallocation of undistributed earnings as a result of conversion of Class B common stock to Class A common stock	—		—		—		—		20,267		—
Reallocation of undistributed earnings to Class B common stock	—		—		—		—		—		302
Net income (loss) attributable to common stockholders – diluted	(5,557)		(3,319)		(36,860)		(30,257)		36,864		20,569
Denominator:
Weighted-average shares of common stock – basic	66,351,916		39,623,487		56,228,429		46,154,853		45,027,352		54,986,110
Conversion of Class B common stock to Class A common stock outstanding	—		—		—		—		54,986,110		—
Effect of dilutive stock options and restricted stock units	—		—		—		—		3,640,164		2,849,737
Effect of potentially dilutive preferred stock warrants	—		—		—		—		—		—
Weighted-average shares of common stock – diluted	66,351.916		39,623.487		56,228.429		46,154.853		103,653.626		57,835.847
Earnings (loss) per share attributable to common stockholders:
Basic	$	(0.08)	$	(0.08)	$	(0.66)	$	(0.66)	$	0.37	$	0.37
Diluted	$	(0.08)	$	(0.08)	$	(0.66)	$	(0.66)	$	0.36	$	0.36

Schedule of Common Stock Equivalents Excluded From Computation of Diluted Earnings (Loss) Per Share

The following common stock equivalents were excluded from the computation of diluted earnings (loss) per share for the periods presented because including them would have been antidilutive:


	July 31, 2021	August 1, 2020	August 3, 2019


Restricted stock units that settle into Class A common stock	10,264,925	7,965,447	2,914,630
Stock options to purchase Class A common stock	2,361,055	2,924,512	1,547,495
Stock options to purchase Class B common stock	1,289,427	3,540,414	969,179
Total	13,915,407	14,430,373	5,431,304