Earnings (Loss) Per Share

6 Months Ended

Aug. 02, 2020

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

7.    EARNINGS (LOSS) PER SHARE

Earnings (loss) per share is computed under the provisions of ASC 260, Earnings Per Share. Basic earnings (loss) per share is based on the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is based on the weighted average number of common shares plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock and are considered only for dilutive earnings (loss) per share unless considered anti-dilutive. The reconciliation of the numerator and denominator of the basic and diluted earnings (loss) per share calculation is as follows:

	Three Months Ended				Six Months Ended
	August 2, 2020		August 4, 2019		August 2, 2020		August 4, 2019
(in thousands, except per share data)
Numerator - net income (loss) attributable to ‎controlling interest	$	5,941	$	1,936	$	(9,194)	$	(5,636)
Denominator - weighted average shares ‎   (Class A and Class B)
Basic		32,445		32,288		32,408		32,253
Dilutive shares		—		111		—		—
Diluted		32,445		32,399		32,408		32,253
Earnings (loss) per share (Class A and Class B)
Basic	$	0.18	$	0.06	$	(0.28)	$	(0.17)
Diluted	$	0.18	$	0.06	$	(0.28)	$	(0.17)

The computation of diluted earnings (loss) per share excluded (0.1) million shares of unvested restricted stock for the three months ended August 2, 2020, because the inclusion of dilutive potential common shares outstanding would be anti-dilutive. The computation of diluted earnings (loss) per share excluded (0.1) million and 0.2 million shares of unvested restricted stock for the six months ended August 2, 2020 and August 4, 2019, respectively because their inclusion would be anti-dilutive due to a net loss.