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Note 11 - Net Income Per Share
 12 Months Ended
Jan. 28, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

(11)

Net Income Per Share

 

The Company computes both basic and diluted earnings per common share. In periods of net loss, no effect is given to the Company’s participating securities as they do not contractually participate in the losses of the Company. The following table sets forth the computation of basic and diluted income per share (in thousands, except share and per share data):

 

  

Fiscal year ended

 
  

January 28,

  

January 29,

 
  

2023

  

2022

 

NUMERATOR:

        

Net income before allocation of earnings to participating securities

 $47,985  $47,265 

Less: Earnings allocated to participating securities

  -   - 

Net income

 $47,985  $47,265 
         

DENOMINATOR:

        

Weighted average number of common shares outstanding - basic

  14,940,770   15,460,634 

Dilutive effect of share-based awards:

  309,049   661,949 

Weighted average number of common shares outstanding - dilutive

  15,249,819   16,122,583 

Basic income per common share attributable to Build-A-Bear Workshop, Inc. stockholders

 $3.21  $3.06 

Diluted income per common share attributable to Build-A-Bear Workshop, Inc. stockholders

 $3.15  $2.93 

 

In calculating diluted earnings per share for fiscal 2022 and 2021, options to purchase 49,133 and 52,812 shares of common stock, respectively, were outstanding at the end of the period, but were not included in the computation of diluted income per share due to their anti-dilutive effect under provisions of ASC 260-10.