Loss Per Share

3 Months Ended

May 04, 2025

7. LOSS PER SHARE

Earnings per share is computed under the provisions of ASC 260, Earnings Per Share. Basic earnings per share is based on the weighted average number of common shares outstanding for the period. Diluted earnings per share is based on the weighted average number of common shares plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock and are considered only for dilutive earnings per share unless considered anti-dilutive. The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation is as follows:


	Three Months Ended
	May 4, 2025		April 28, 2024
(in thousands, except per share data)
Numerator - net loss attributable to ‎controlling interest	$	(15,293)	$	(7,873)
Denominator - weighted average shares ‎ (Class A and Class B)
Basic		33,714		33,087
Dilutive shares		—		—
Diluted		33,714		33,087
Loss per share (Class A and Class B)
Basic	$	(0.45)	$	(0.24)
Diluted	$	(0.45)	$	(0.24)

The computation of diluted loss per share excluded (0.8) million and 0.3 million of unvested restricted stock for the three months ended May 4, 2025 and April 28, 2024, because their inclusion would be anti-dilutive due to a net loss.