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Earnings Per Share
 12 Months Ended
Feb. 03, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

(10) 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

 

 

February 3,

 

 

January 28,

 

 

January 29,

 

 

2024

 

 

2023

 

 

2022

 

Net (loss) income

 

$

(28,997

)

 

$

40,518

 

 

$

108,470

 

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

 

 

Basic

 

 

37,489

 

 

 

40,489

 

 

 

43,827

 

Dilutive effect of common stock equivalents

 

 

—

 

 

 

230

 

 

 

716

 

Diluted

 

 

37,489

 

 

 

40,719

 

 

 

44,543

 

Basic (loss) earnings per share

 

$

(0.77

)

 

$

1.00

 

 

$

2.47

 

Diluted (loss) earnings per share

 

$

(0.77

)

 

$

1.00

 

 

$

2.44

 

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

 

 

354

 

 

 

244

 

 

 

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