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Earnings Per Share
12 Months Ended
Jan. 30, 2021
Earnings Per Share  
Earnings Per Share

(12) Earnings Per Share

Basic earnings per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding, during the period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of nonvested share awards and nonvested share unit awards.

The following table sets forth the computation of basic and diluted earnings per common share:

January 30,

Feburary 1,

February 2,

    

2021

    

2020

    

2019

Net income

91,380

$

20,215

$

23,750

Weighted-average shares of common stock outstanding:

Basic

43,525

43,166

42,878

Dilutive effect of common stock equivalents

905

422

101

Diluted

44,430

43,588

42,979

Basic earnings per share

2.10

$

0.47

$

0.55

Diluted earnings per share

2.06

$

0.46

$

0.55

Restricted stock units considered anti-dilutive and excluded in the calculation

15

4

56