Net Income/(Loss) Per Share

9 Months Ended

Oct. 30, 2021

Note 2 - Net Income Per Share

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

	Thirteen Weeks Ended
	October 30, 2021						October 31, 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	$	46,836		28,192	$	1.66	$	14,678		28,180	$	0.52
Diluted Net Income per Share:
Net income	$	46,836					$	14,678
Conversion of stock-based compensation arrangements		0		355				0		353
Net income available for diluted common shares and diluted net income per share	$	46,836		28,547	$	1.64	$	14,678		28,533	$	0.51

	Thirty-nine Weeks Ended
	October 30, 2021						October 31, 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	$	134,290		28,257	$	4.75	$	8,548		28,113	$	0.30
Diluted Net Income per Share:
Net income	$	134,290					$	8,548
Conversion of stock-based compensation arrangements		0		350				0		337
Net income available for diluted common shares and diluted net income per share	$	134,290		28,607	$	4.69	$	8,548		28,450	$	0.30

The computation of basic net income 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 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 stock-based 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 stock-based awards that will be settled in shares were excluded from the computation of diluted net income per share for the thirteen and thirty-nine weeks ended October 30, 2021. During the thirteen and thirty-nine weeks ended October 31, 2020, unvested stock-based awards that will be settled in shares excluded from the computation were approximately 2,000 and 3,000, respectively, because the impact would have been anti-dilutive.