Earnings Per Share

3 Months Ended

Apr. 30, 2022

Basic net income (loss) per common share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding and potentially dilutive securities outstanding during the period. Potentially dilutive securities include stock options, unvested restricted stock and unvested restricted stock units outstanding during the period, using the treasury stock method. Potentially dilutive securities are excluded from the computations of diluted earnings per share if their effect would be anti-dilutive. A net loss from continuing operations causes all potentially dilutive securities to be anti-dilutive. We have certain undistributed stock awards that participate in dividends on a non-forfeitable basis, however, their impact on earnings per share under the two-class method is negligible.

The following table presents a reconciliation of shares used in calculating basic and diluted net loss per common share:


	Three Months Ended
	April 30, 2022	May 1, 2021
Weighted-average common shares outstanding	75.9	66.0
Dilutive effect of restricted stock awards	—	—
Weighted-average diluted common shares	75.9	66.0

Anti-dilutive shares:
Restricted stock units	1.2	—
Restricted stock	0.2	2.6

As of April 30, 2022 and May 1, 2021 there were 1.4 million and 2.6 million, respectively, of unvested restricted stock and restricted stock units. As of April 30, 2022 and May 1, 2021 there were 77.3 million and 71.9 million, respectively, of shares of Class A common stock that are legally issued and outstanding or are unvested restricted share units that represent a right to one share of Class A Common Stock.

As of April 30, 2022, 12.7 million shares of our Class A common stock were directly registered with our transfer agent.