Earnings Per Share |
3 Months Ended |
|---|---|
May 01, 2021 | |
| Earnings Per Share [Abstract] | |
| Earnings Per Share |
NOTE 5. Earnings Per Share Basic earnings (loss) per share is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings (loss) per share is computed similarly to basic earnings (loss) per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential additional common shares that were dilutive had been issued as determined by using the treasury stock method. Common share equivalents are excluded from the computation if their effect is anti-dilutive. The Company’s common share equivalents consist of convertible preferred stock, stock options and warrants. Common shares from the potential exercise of certain options and warrants are excluded from the computation of diluted earnings (loss) per share if their exercise prices are greater than the Company’s average stock price for the period. For both the 13‑week periods ended May 1, 2021 and May 2, 2020, the number of such shares excluded was 2,113,000. For the 13-week period ended May 2, 2020, the dilutive effect of in-the-money warrants amounted to 19,000 shares. For the 13-week period ended May 1, 2021, the number of in-the-money options and preferred shares excluded from the computation of net loss per share amounted to 857,000. |