Earnings Per Share

6 Months Ended

Aug. 03, 2024

Note 9. Earnings Per Share

Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Except when the effect would be anti-dilutive, diluted earnings (loss) per share is calculated based on the weighted average number of shares of common stock outstanding plus the dilutive effect of share-based awards calculated under the treasury stock method. In periods when the Company incurs a net loss, share-based awards are excluded from the calculation of earnings per share as their inclusion would have an anti-dilutive effect.

The following is a reconciliation of weighted average basic shares to weighted average diluted shares outstanding:


	Three Months Ended				Six Months Ended
	August 3,		July 29,		August 3,		July 29,
	2024		2023		2024		2023
Weighted-average shares—basic		12,569,488		12,428,339		12,538,695		12,385,347
Effect of dilutive equity securities		47,597		51,328		67,880		84,738
Weighted-average shares—diluted		12,617,085		12,479,667		12,606,575		12,470,085

For the three and six months ended August 3, 2024, 424,838 and 324,381, respectively, weighted average shares of share-based compensation were excluded from the computation of weighted average shares for diluted earnings per share, as their effect would have been anti-dilutive.