v3.22.2.2
Earnings Per Share
9 Months Ended
Oct. 29, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Earnings per share is computed under the provisions of ASC 260, Earnings Per Share. Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential shares of common stock (i.e., in-the-money outstanding stock options as well as RSAs) outstanding during the period using the treasury stock method, whereby proceeds from such exercise, unamortized compensation and hypothetical excess tax benefits, if any, on share-based awards are assumed to be used by us to purchase shares of common stock at the average market price during the period.
The components of basic and diluted earnings per share were as follows (in thousands, except per share amounts):
 Thirteen Weeks EndedThirty-Nine Weeks Ended
 October 29,
2022
October 30,
2021
October 29,
2022
October 30,
2021
Net income$5,149 $20,834 $9,781 $52,191 
Weighted average basic shares outstanding29,894 30,915 30,226 30,429 
Dilutive effect of in-the-money stock options and RSAs156 437 202 587 
Weighted average shares for diluted earnings per share30,050 31,352 30,428 31,016 
Basic earnings per share of Class A and Class B common stock$0.17 $0.67 $0.32 $1.72 
Diluted earnings per share of Class A and Class B common stock$0.17 $0.66 $0.32 $1.68 
The following stock options have been excluded from the calculation of diluted earnings per share as the effect of including these stock options would have been anti-dilutive (in thousands):
Thirteen Weeks EndedThirty-Nine Weeks Ended
October 29,
2022
October 30,
2021
October 29,
2022
October 30,
2021
Stock options1,529 677 1,408 800 
Restricted stock10 — 10 20 
Total1,539 677 1,418 820