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Loss Per Share
3 Months Ended
May 02, 2025
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

 

(in thousands, except per share amounts)

 

May 2, 2025

 

 

May 3, 2024

 

Net loss

 

$

(8,262

)

 

$

(6,442

)

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

30,867

 

 

 

31,439

 

Dilutive impact of stock awards

 

 

 

 

 

 

Diluted weighted average common shares outstanding

 

 

30,867

 

 

 

31,439

 

 

 

 

 

 

 

Loss per share

 

 

 

 

 

 

Basic

 

$

(0.27

)

 

$

(0.20

)

Diluted

 

$

(0.27

)

 

$

(0.20

)

 

 

 

 

 

 

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

 

 

746

 

 

 

1,002

 

 

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