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Earnings Per Share | 3 Months Ended
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May 03, 2025
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share is based on net income (loss) attributable to Designer Brands Inc. and the weighted average of Class A and Class B common shares outstanding. Diluted earnings per share reflects the potential dilution of common shares adjusted for outstanding stock-based compensation awards calculated using the treasury stock method. The following is a reconciliation between basic and diluted weighted average shares outstanding, as used in the calculation of earnings (loss) per share attributable to Designer Brands Inc.:
|  |  | Three months ended
(in thousands) |  |  |  |  | May 3, 2025 |  | May 4, 2024
Weighted average basic shares outstanding |  |  |  |  | 48,243 |  |  | 57,464 |
Dilutive effect of stock-based compensation awards |  |  |  |  | — |  |  | 2,006 |
Weighted average diluted shares outstanding |  |  |  |  | 48,243 |  |  | 59,470 |
For the three months ended May 3, 2025 and May 4, 2024, the number of shares relating to potentially dilutive stock-based compensation awards that were excluded from the computation of diluted earnings (loss) per share due to their anti-dilutive effect was 7.5 million and 2.8 million, respectively.

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