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Earnings Per Share
12 Months Ended
Jan. 29, 2022
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:

Fiscal Year Ended

January 29,

January 30,

February 1,

    

2022

    

2021

    

2020

Net income

$

108,470

$

91,380

$

20,215

Weighted-average shares of common stock outstanding:

Basic

43,827

43,525

43,166

Dilutive effect of common stock equivalents

716

905

422

Diluted

44,543

44,430

43,588

Basic earnings per share

$

2.47

$

2.10

$

0.47

Diluted earnings per share

$

2.44

$

2.06

$

0.46

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

38

15

4