XML 20 R9.htm IDEA: XBRL DOCUMENT v3.25.3
Earnings Per Share
 9 Months Ended
Nov. 01, 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 (Loss) and Comprehensive Income (Loss).
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 (loss)
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
Nine Months Ended
November 1,
2025
November 2,
2024
November 1,
2025
November 2,
2024
(Dollars in thousands, except per share data)
Numerator
Net earnings (loss)
$
(5,189)
$
(15,074)
$
4,952
$
(4,005)
Less: Earnings allocated to non-vested equity awards
-
(200)
(250)
(548)
Net earnings (loss) available to common stockholders
$
(5,189)
$
(15,274)
$
4,702
$
(4,553)
Denominator
Basic weighted average common shares outstanding
18,814,510
19,302,107
18,769,570
19,318,794
Diluted weighted average common shares outstanding
18,814,510
19,302,107
18,769,570
19,318,794
Net income per common share
Basic earnings (loss) per share
$
(0.28)
$
(0.79)
$
0.25
$
(0.24)
Diluted earnings (loss) per share
$
(0.28)
$
(0.79)
$
0.25
$
(0.24)