Net Income per Share

6 Months Ended

May 03, 2025

Earnings Per Share [Abstract]

Net Income per Share

Note 6 Net Income per Share

These condensed consolidated financial statements include “basic” and “diluted” net income per share information for all periods presented. The basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding (see the condensed consolidated statement of income for weighted average shares outstanding for each period). The diluted net income per share is calculated by dividing net income by the weighted-average number of shares outstanding, adjusted for dilutive common shares, which are the result of outstanding stock options. For the three-month periods ended May 3, 2025 and May 4, 2024, the Company had 80,650 and 0 unexercised stock options outstanding, respectively, that were anti-dilutive. For the six-month periods ended May 3, 2025 and May 4, 2024, the Company had 80,650 and 15,550 unexercised stock options outstanding, respectively, that were anti-dilutive.