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Income Per Common Share
6 Months Ended
Jul. 31, 2021
Earnings Per Share [Abstract]  
Income Per Common Share Income (Loss) Per Common ShareBasic income (loss) per common share amounts are calculated using the weighted average number of common shares outstanding for the period. Diluted income (loss) per common share amounts are calculated using the weighted average number of common shares outstanding for the period and include the dilutive impact of exercised stock options as well as assumed vesting of restricted stock awards and shares currently available for purchase under the Company's Employee Stock Purchase Plan, using the treasury stock method. Performance-based restricted stock units are considered contingently issuable shares for diluted income per common share purposes and the dilutive impact, if any, is not included in the weighted average shares until the performance conditions are met. The dilutive impact, if any, for performance-based restricted stock units, which are subject to market conditions based on the Company's total shareholder return relative to a pre-defined peer group, are included in the weighted average shares.
The following table reconciles net income (loss) and the weighted average common shares outstanding used in the computations of basic and diluted income (loss) per common share (in thousands, except for share and per share data):
Thirteen Weeks EndedTwenty-Six Weeks Ended
 July 31, 2021August 1, 2020July 31, 2021August 1, 2020
Numerator:
Net income (loss)$64,841 $29,581 $114,437 $(21,001)
Denominator:
Weighted average common shares outstanding - basic56,007,970 55,786,823 55,989,399 55,844,418 
Dilutive impact of options, restricted stock units and employee stock purchase plan291,521 180,017 297,696 — 
Weighted average common shares outstanding - diluted56,299,491 55,966,840 56,287,095 55,844,418 
Per common share:
Basic income (loss) per common share$1.16 $0.53 $2.04 $(0.38)
Diluted income (loss) per common share$1.15 $0.53 $2.03 $(0.38)
The effects of the assumed vesting of restricted stock units for 22,845 shares of common stock for the thirteen weeks ended July 31, 2021 were excluded from the calculation of diluted net income per share, as their impact would have been anti-dilutive.
The effects of the assumed vesting of restricted stock units for 11,835 shares of common stock for the twenty-six weeks ended July 31, 2021 were excluded from the calculation of diluted net income per share, as their impact would have been anti-dilutive.
The effects of the assumed vesting of restricted stock units for 7,837 shares of common stock for the thirteen weeks ended August 1, 2020 were excluded from the calculation of diluted net income per share, as their impact would have been anti-dilutive.
For the twenty-six weeks ended August 1, 2020, all common stock equivalents related to outstanding stock options and unvested restricted units were excluded from the calculation of diluted net loss per share, as their impact would have been anti-dilutive due to the Company's net loss for the period.
The aforementioned excluded shares do not reflect the impact of any incremental repurchases under the treasury stock method.