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Earnings (Loss) Per Share Attributable to Common Stockholders (Tables)

9 Months Ended

May 02, 2020

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominator Used in Calculation of Basic and Diluted EPS

A reconciliation of the numerator and denominator used in the calculation of basic and diluted EPS attributable to common stockholders is as follows:

						For the Three Months Ended
						May 2, 2020																		April 27, 2019
(in thousands, except share and per share amounts)						Class A						Class B						Class A						Class B
Numerator:
Net income (loss)						$	(18,714)					$	(15,189)					$	3,286					$	3,762
Less: undistributed earnings to participating securities						—						—						—						—
Net income (loss) attributable to common stockholders - basic						(18,714)						(15,189)						3,286						3,762
Reallocation of undistributed earnings (loss) as a result of conversion of Class B to Class A shares						—						—						3,762						—
Reallocation of undistributed earnings (loss) to Class B shares						—						—						—						45
Net income (loss) attributable to common stockholders - diluted						$	(18,714)					$	(15,189)					$	7,048					$	3,807
Denominator:
Weighted-average shares of common stock - basic						56,661,027						45,989,128						46,770,816						53,530,262
Conversion of Class B to Class A common shares outstanding						—						—						53,530,262						—
Effect of dilutive stock options and restricted stock units						—						—						3,314,081						2,492,226
Weighted-average shares of common stock - diluted						56,661,027						45,989,128						103,615,159						56,022,488
Earnings (loss) per share attributable to common stockholders:
Basic						$	(0.33)					$	(0.33)					$	0.07					$	0.07
Diluted						$	(0.33)					$	(0.33)					$	0.07					$	0.07

						For the Nine Months Ended
						May 2, 2020																		April 27, 2019
(in thousands, except share and per share amounts)						Class A						Class B						Class A						Class B
Numerator:
Net income (loss)						$	(12,370)					$	(10,280)					$	12,680					$	17,022
Less: undistributed earnings to participating securities						—						—						(9)						(12)
Net income (loss) attributable to common stockholders - basic						(12,370)						(10,280)						12,671						17,010
Add: adjustments to undistributed earnings to participating securities						—						—						1						—
Reallocation of undistributed earnings as a result of conversion of Class B to Class A shares						—						—						17,010						—
Reallocation of undistributed earnings to Class B shares						—						—						—						236
Net income (loss) attributable to common stockholders - diluted						$	(12,370)					$	(10,280)					$	29,682					$	17,246
Denominator:
Weighted-average shares of common stock - basic						55,754,290						46,330,439						42,526,494						57,092,932
Conversion of Class B to Class A common shares outstanding						—						—						57,092,932						—
Effect of dilutive stock options and restricted stock units						—						—						3,956,276						3,086,758
Weighted-average shares of common stock - diluted						55,754,290						46,330,439						103,575,702						60,179,690
Earnings (loss) per share attributable to common stockholders:
Basic						$	(0.22)					$	(0.22)					$	0.30					$	0.30
Diluted						$	(0.22)					$	(0.22)					$	0.29					$	0.29

Schedule of Common Stock Equivalents Excluded from Computation of Diluted Earnings Per Share

The following common stock equivalents were excluded from the computation of diluted earnings (loss) per share for the periods presented because including them would have been antidilutive:

			For the Three Months Ended																		For the Nine Months Ended
			May 2, 2020						April 27, 2019						May 2, 2020						April 27, 2019
Restricted stock units			8,625,483						1,563,723						8,027,468						2,378,821
Stock options to purchase Class A common stock			3,064,975						1,456,543						3,002,050						1,425,213
Stock options to purchase Class B common stock			3,751,705						1,200,479						3,745,626						1,047,268
Total			15,442,163						4,220,745						14,775,144						4,851,302

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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