Loss per Share

6 Months Ended

Jul. 28, 2024

The computation of basic and diluted loss per share was as follows:


	Three Months Ended				Six Months Ended
(in thousands, except per share data)	July 28, 2024		July 30, 2023		July 28, 2024		July 30, 2023
Net loss attributable to common stockholders	$	(170,295)	$	(382,002)	$	(193,454)	$	(411,417)

Weighted-average shares outstanding–basic	65,281		64,005		64,895		63,964


Weighted-average shares outstanding–diluted	65,281		64,005		64,895		63,964

Loss per share:
Basic	$	(2.61)	$	(5.97)	$	(2.98)	$	(6.43)
Diluted	$	(2.61)	$	(5.97)	$	(2.98)	$	(6.43)

Anti-dilutive shares not included in the above calculations:
Share-based compensation	911		2,593		888		2,462

Warrants	8,573		8,573		8,573		8,573
Total anti-dilutive shares	9,484		11,166		9,461		11,035

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 six months ended July 28, 2024, 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 six months ended July 28, 2024, 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 periods and due to net loss in such reporting periods.