Net Income/(Loss) Per Share

6 Months Ended

Aug. 01, 2020

Earnings Per Share Basic [Abstract]

Net Income/(Loss) Per Share

Note 2 - Net Income/(Loss) Per Share

The following tables set forth the computation of basic and diluted net income/(loss) per share as shown on the face of the accompanying Condensed Consolidated Statements of Income:

	Thirteen Weeks Ended
	August 1, 2020						August 3, 2019
			(In thousands, except per share data)
Basic Net Income per Share:	Net Income		Shares		Per Share Amount		Net Income			Shares		Per Share Amount
Net income	$	10,060					$	11,832
Conversion of share-based compensation    arrangements		0						(11	)
Net income available for basic common shares    and basic net income per share	$	10,060		14,088	$	0.71	$	11,821			14,615	$	0.81
Diluted Net Income per Share:
Net income	$	10,060					$	11,832
Conversion of share-based compensation    arrangements		0		127				(11	)		121
Net income available for diluted common    shares and diluted net income per share	$	10,060		14,215	$	0.71	$	11,821			14,736	$	0.80

	Twenty-six Weeks Ended
	August 1, 2020								August 3, 2019
				(In thousands, except per share data)
Basic Net Income/(Loss) per Share:	Net Loss			Shares		Per Share Amount			Net Income			Shares		Per Share Amount
Net income/(loss)	$	(6,130	)						$	25,705
Conversion of share-based compensation    arrangements		0								(53	)
Net income/(loss) available for basic common shares    and basic net income/(loss) per share	$	(6,130	)		14,040	$	(0.44	)	$	25,652			14,614	$	1.76
Diluted Net Income/(Loss) per Share:
Net income/(loss)	$	(6,130	)						$	25,705
Conversion of share-based compensation    arrangements		0			0					(52	)		350
Net income/(loss) available for diluted common    shares and diluted net income/(loss) per share	$	(6,130	)		14,040	$	(0.44	)	$	25,653			14,964	$	1.71

The computation of basic net income/(loss) per share of common stock is based on the weighted average number of common shares outstanding during the period. The computation of diluted net income/(loss) per share is based on the weighted average number of shares outstanding plus the dilutive incremental shares that would be outstanding assuming the vesting of restricted stock awards, restricted stock units and performance stock units, of which a small portion have a non-forfeitable right to dividends. The computation of diluted net income/(loss) per share excluded approximately 162,000 unvested share-settled equity awards for the first six months of fiscal 2020 because the impact would be anti-dilutive.  For the other periods presented, all unvested share-settled equity awards were dilutive.