XML 19 R12.htm IDEA: XBRL DOCUMENT v3.24.3
Loss Per Share
9 Months Ended
Nov. 01, 2024
Earnings Per Share [Abstract]  
Loss Per Share

NOTE 3. LOSS PER SHARE

 

The numerator for both basic and diluted earnings (loss) per share is net income (loss) attributable to the Company. The denominator for basic earnings (loss) per share is based upon the number of weighted average shares of the Company’s common stock outstanding during the reporting periods. The denominator for diluted earnings (loss) per share is based upon the number of weighted average shares of the Company’s common stock and common stock equivalents outstanding during the reporting periods using the treasury stock method in accordance with ASC 260, Earnings Per Share. Potentially dilutive securities for the diluted earnings (loss) per share calculations consist of non-vested equity shares of common stock and in-the-money outstanding options where the current stock price exceeds the option strike price.

 

The following table summarizes the components of basic and diluted loss per share:

 

 

 

13 Weeks Ended

 

 

39 Weeks Ended

 

(in thousands, except per share amounts)

 

November 1, 2024

 

 

October 27, 2023

 

 

November 1, 2024

 

 

October 27, 2023

 

Net loss

 

$

(593

)

 

$

(112,394

)

 

$

(12,286

)

 

$

(122,064

)

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

31,136

 

 

 

31,887

 

 

 

31,317

 

 

 

32,140

 

Dilutive impact of stock awards

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted average common shares outstanding

 

 

31,136

 

 

 

31,887

 

 

 

31,317

 

 

 

32,140

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.02

)

 

$

(3.52

)

 

$

(0.39

)

 

$

(3.80

)

Diluted

 

$

(0.02

)

 

$

(3.52

)

 

$

(0.39

)

 

$

(3.80

)

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive shares excluded from diluted loss per common share calculation

 

 

566

 

 

 

833

 

 

 

769

 

 

 

1,029

 

 

Stock awards are considered anti-dilutive based on the application of the treasury stock method or in the event of a net loss.