Basic net income per share (“Basic EPS”) is computed by dividing net income by the weighted average number of common shares outstanding, excluding restricted stock awards for which the restrictions have not lapsed. Diluted net income per share (“Diluted EPS”) is computed by dividing net income by the weighted average number of common shares outstanding, after giving effect to the potential dilution, if applicable, from the assumed lapse of restrictions on restricted stock and restricted stock unit (“RSU”) awards, and from shares of common stock resulting from the assumed exercise of outstanding stock options. Common shares issuable in connection with the award of performance-based restricted stock units (“PRSUs”) are excluded from the calculation of EPS until the PRSUs’ performance conditions are achieved and the shares in respect of the PRSUs become issuable (see Note 14).

The following tables summarize the Basic EPS and Diluted EPS calculations (in thousands, except per share amounts):

	Three Months Ended
	May 4, 2019						May 5, 2018
	Net Income		Shares		EPS		Net Income		Shares		EPS

Basic EPS	$	130		13,825	$	0.01	$	214		13,839	$	0.02
Incremental shares from the assumed exercise of outstanding stock options		—		—		—		—		—		—
Incremental shares from the assumed lapse of restrictions on restricted stock and RSU awards		—		76		—		—		124		—
Diluted EPS	$	130		13,901	$	0.01	$	214		13,963	$	0.02

Stock options and unvested restricted stock totaling 959,000 shares of the Company’s common stock were outstanding as of May 4, 2019, of which 610,000 shares were excluded from the calculation of Diluted EPS as the effect would have been antidilutive.