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LOSS PER COMMON SHARE

3 Months Ended

May 03, 2025

During the First Quarter 2025, the Company completed its Rights Offering. As the exercise price of the subscription right was less than the fair value of the Common stock, the subscription right contained a bonus element. In connection with this transaction, and in accordance with FASB ASC 260—Earnings Per Share, the Company’s weighted average common shares outstanding and basic and diluted loss per share were retroactively adjusted for all periods presented by a factor of 1.002.

The following table reconciles net loss and common share amounts utilized to calculate basic and diluted loss per common share:


	Thirteen Weeks Ended
	May 3, 2025		May 4, 2024


	(in thousands)
Net loss	$	(34,023)	$	(37,795)

Basic weighted average common shares outstanding	21,629		12,665

Diluted weighted average common shares outstanding	21,629		12,665

Anti-dilutive shares excluded from diluted loss per common share calculation	93		78