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Earnings per Share (Tables)
3 Months Ended
May 02, 2020
Earnings Per Share [Abstract]  
Reconciliation of Number of Shares Outstanding for Basic and Diluted Earnings Per Share

The following table provides a reconciliation of the number of shares outstanding for basic and diluted earnings per share:

 

 

 

For the three months ended

 

 

 

May 2, 2020

 

 

May 4, 2019

 

(in thousands)

 

 

 

 

 

 

 

 

Common stock outstanding:

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

50,758

 

 

 

49,602

 

Common stock equivalents – stock options and restricted stock (1)

 

 

 

 

 

 

Diluted weighted average common shares outstanding

 

 

50,758

 

 

 

49,602

 

 

 

(1)

Common stock equivalents of 261 shares and 525 shares for the three months ended May 2, 2020 and May 4, 2019, respectively, were excluded due to the net loss in each period.  

Potential Common Stock Equivalents Excluded from Computation of Diluted Earnings Per Share

The following potential common stock equivalents were excluded from the computation of diluted earnings per share in each period, because the exercise price of such options was greater than the average market price per share of common stock for the respective periods or because of the unearned compensation associated with either stock options, restricted stock units, restricted or deferred stock had an anti-dilutive effect.

 

 

 

For the three months ended

 

 

 

May 2, 2020

 

 

May 4, 2019

 

(in thousands, except exercise prices)

 

 

 

 

 

 

 

 

Stock options

 

 

538

 

 

 

942

 

Restricted stock units

 

 

963

 

 

 

1,105

 

Restricted and deferred stock

 

 

160

 

 

 

39

 

Range of exercise prices of such options

 

$1.85 -  $7.02

 

 

$2.00 -  $7.02