XML 20 R9.htm IDEA: XBRL DOCUMENT v3.25.2
Earnings Per Share
 6 Months Ended
Aug. 02, 2025
Earnings Per Share [Abstract]  
Earnings Per Share
 
NOTE 2 - EARNINGS PER SHARE:
Accounting Standard Codification (“ASC”) 260 –
Earnings Per Share
 
requires dual presentation of basic and
diluted Earnings Per Share
 
(“EPS”) on the face of
 
all income statements for
 
all entities with complex
 
capital
structures.
 
The Company has presented one basic EPS and one diluted EPS amount for all common shares in
the accompanying
 
Condensed Consolidated
 
Statements of
 
Income and
 
Comprehensive Income.
 
While the
Company’s certificate
 
of incorporation
 
provides the
 
right for
 
the Board of
 
Directors to
 
declare dividends
 
on
Class
 
A
 
shares
 
without
 
declaration
 
of
 
commensurate
 
dividends
 
on
 
Class
 
B
 
shares,
 
the
 
Company
 
has
historically paid the same dividends to both Class A and Class B shareholders and the
 
Board of Directors has
resolved to continue this practice.
 
Accordingly, the Company’s allocation of income for purposes of the EPS
computation is the same
 
for Class A and
 
Class B shares and
 
the EPS amounts reported
 
herein are applicable
to both Class A and Class B
 
shares.
Basic
 
EPS
 
is
 
computed
 
as
 
net
 
income
 
less
 
earnings
 
allocated
 
to
 
non-vested
 
equity
 
awards
 
divided
 
by
 
the
weighted average
 
number of
 
common shares
 
outstanding for
 
the period.
 
Diluted EPS
 
reflects the
 
potential
dilution
 
that
 
could
 
occur
 
from
 
common
 
shares
 
issuable
 
through
 
stock
 
options
 
and
 
the
 
Employee
 
Stock
Purchase Plan, of which there were
 
none for the periods presented
 
below.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
Six Months Ended
August 2, 2025
August 3, 2024
August 2, 2025
August 3, 2024
(Dollars in thousands, except per share data)
Numerator
Net earnings
$
6,832
$
95
$
10,141
$
11,069
Less: Earnings allocated to non-vested equity awards
(319)
9
(531)
(583)
Net earnings available to common stockholders
$
6,513
$
104
$
9,610
$
10,486
Denominator
Basic weighted average common shares outstanding
18,809,364
19,297,484
18,747,100
19,327,137
Diluted weighted average common shares outstanding
18,809,364
19,297,484
18,747,100
19,327,137
Net income per common share
Basic earnings per share
$
0.35
$
0.01
$
0.51
$
0.54
Diluted earnings per share
$
0.35
$
0.01
$
0.51
$
0.54