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Earnings Per Share
3 Months Ended
Apr. 30, 2022
Earnings Per Share  
Earnings Per Share

(9) Earnings Per Share

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

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

Thirteen Weeks Ended

April 30,

May 1,

    

2022

    

2021

Net income

$

1,998

$

10,450

Weighted-average shares of common stock outstanding:

Basic

43,938

43,690

Dilutive effect of common stock equivalents

283

824

Diluted

44,221

44,514

Basic earnings per share

$

0.05

$

0.24

Diluted earnings per share

$

0.05

$

0.23

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

128

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