Net Income/(Loss) Per Share

6 Months Ended

Jul. 31, 2021

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
	July 31, 2021						August 1, 2020
			(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 available for basic common shares and basic net income per share	$	44,212		28,323	$	1.56	$	10,060		28,175	$	0.36
Diluted Net Income per Share:
Net income	$	44,212					$	10,060
Conversion of share-based compensation arrangements		0		329				0		254
Net income available for diluted common shares and diluted net income per share	$	44,212		28,652	$	1.54	$	10,060		28,429	$	0.35

	Twenty-six Weeks Ended
	July 31, 2021						August 1, 2020
			(In thousands, except per share data)
Basic Net Income/(Loss) per Share:	Net Income		Shares		Per Share Amount		Net Loss			Shares		Per Share Amount
Net income/(loss) available for basic common shares and basic net income/(loss) per share	$	87,454		28,290	$	3.09	$	(6,130	)		28,080	$	(0.22	)
Diluted Net Income/(Loss) per Share:
Net income/(loss)	$	87,454					$	(6,130	)
Conversion of share-based compensation arrangements		0		353				0			0
Net income/(loss) available for diluted common shares and diluted net income/(loss) per share	$	87,454		28,643	$	3.05	$	(6,130	)		28,080	$	(0.22	)

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 share-settled compensation arrangements involving restricted stock, restricted stock units and performance stock units. A small portion of these awards that were outstanding at the beginning of fiscal 2020 had a non-forfeitable right to dividends. No unvested share-settled awards were excluded from the computation of diluted net income/(loss) per share for the thirteen and twenty-six weeks ended July 31, 2021, or the thirteen weeks ended August 1, 2020. During the twenty-six weeks ended August 1, 2020, approximately 162,000 unvested share-settled awards were excluded from the computation because the impact would have been anti-dilutive.