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NET INCOME PER SHARE
9 Months Ended
Nov. 01, 2025
NET INCOME PER SHARE  
NET INCOME PER SHARE

NOTE 12—NET INCOME PER SHARE

The weighted-average shares used for net income per share were as follows:

THREE MONTHS ENDED

NINE MONTHS ENDED

NOVEMBER 1,

NOVEMBER 2,

NOVEMBER 1,

NOVEMBER 2,

    

2025

    

2024

    

2025

    

2024

Weighted-average shares—basic

18,760,088

18,534,815

18,742,109

18,439,159

Effect of dilutive stock-based awards

 

1,047,453

 

1,359,065

 

1,077,260

 

1,359,757

Effect of dilutive convertible senior notes(1)

 

 

87,131

 

 

161,192

Weighted-average shares—diluted

 

19,807,541

 

19,981,011

 

19,819,369

 

19,960,108

(1)The dilutive effect of the 2024 Notes is calculated under the if-converted method, which assumes share settlement of the entire convertible debt instrument. The 2024 Notes matured in September 2024 and did not have an impact on our diluted share count post-maturity. Refer to Note 9—Credit Facilities and Convertible Senior Notes.

The following number of options and restricted stock units were excluded from the calculation of diluted net income per share because their inclusion would have been anti-dilutive:

THREE MONTHS ENDED

NINE MONTHS ENDED

NOVEMBER 1,

NOVEMBER 2,

NOVEMBER 1,

NOVEMBER 2,

    

2025

    

2024

    

2025

    

2024

Options

2,150,940

1,938,194

2,107,573

1,830,068

Restricted stock units

 

7,550

11,176

 

8,551

11,904