XML 54 R10.htm IDEA: XBRL DOCUMENT v3.23.3
Earnings per Share
9 Months Ended
Oct. 29, 2023
Earnings Per Share [Abstract]  
Earnings per Share arnings per Share
The computation of basic and diluted (loss) earnings per share was as follows:
 Three Months EndedNine Months Ended
(in thousands, except per share data)October 29, 2023October 30, 2022October 29, 2023October 30, 2022
Net (loss) income attributable to common stockholders$(38,250)$22,746 $(449,667)$112,393 
Weighted-average shares outstanding–basic64,216 63,764 64,048 63,738 
Dilutive effect of share-based compensation— 91 — 302 
Weighted-average shares outstanding–diluted64,216 63,855 64,048 64,040 
(Loss) earnings per share:
Basic$(0.60)$0.36 $(7.02)$1.76 
Diluted$(0.60)$0.36 $(7.02)$1.76 
Anti-dilutive shares not included in the above calculations:
Share-based compensation2,034 1,229 2,179 759 
Warrants8,573 8,573 8,573 8,573 
Total anti-dilutive shares10,607 9,802 10,752 9,332 
Basic earnings or loss per share is computed by dividing income or loss available to common stockholders by the weighted-average number of shares of common stock outstanding during the reporting period. Diluted earnings or loss per share incorporates the incremental shares issuable, calculated using the treasury stock method, upon the assumed exercise of non-qualified stock options and the vesting of restricted stock units, market-condition restricted stock units and financial metric-based restricted stock units if certain conditions have been met, but excludes such incremental shares that would have an anti-dilutive effect. Due to the Company's net loss for the three and nine months ended October 29, 2023, all shares underlying stock options and restricted stock units are considered anti-dilutive.
Any dilutive effect of the Warrants (as defined in Note 9, Long-Term Debt) is calculated using the treasury-stock method. During the three and nine months ended October 29, 2023, the Warrants were excluded from diluted shares outstanding because the exercise price exceeded the average market price of the Company's common stock for the reporting period