v3.25.1
Net Income Per Share
3 Months Ended
May 03, 2025
Earnings Per Share, Basic [Abstract]  
Net Income Per Share

Note 3 - Net Income Per Share

The following table sets forth the computation of Basic and Diluted Net Income per Share as shown on the face of the accompanying Condensed Consolidated Statements of Income:

 

 

 

Thirteen Weeks Ended

 

 

 

May 3, 2025

 

 

May 4, 2024

 

 

 

 

 

 

(In thousands, except per share data)

 

 

 

 

Basic Net Income per Share:

 

Net
Income

 

 

Shares

 

 

Per Share
Amount

 

 

Net
Income

 

 

Shares

 

 

Per Share
Amount

 

Net income available for basic common shares
   and basic net income per share

 

$

9,343

 

 

 

27,233

 

 

$

0.34

 

 

$

17,286

 

 

 

27,142

 

 

$

0.64

 

Diluted Net Income per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

9,343

 

 

 

 

 

 

 

 

$

17,286

 

 

 

 

 

 

 

Conversion of stock-based compensation
   arrangements

 

 

0

 

 

 

243

 

 

 

 

 

 

0

 

 

 

266

 

 

 

 

Net income available for diluted common
   shares and diluted net income per share

 

$

9,343

 

 

 

27,476

 

 

$

0.34

 

 

$

17,286

 

 

 

27,408

 

 

$

0.63

 

The computation of Basic Net Income per Share is based on the weighted average number of common shares outstanding during the period. The computation of Diluted Net Income per Share is based on the weighted average number of shares outstanding plus the dilutive incremental shares that would be outstanding assuming the vesting of stock-based compensation arrangements involving restricted stock, restricted stock units and performance stock units. During the thirteen weeks ended May 3, 2025, approximately 10,000 unvested stock-based awards that will be settled in shares were excluded from the computation of Diluted Net Income per Share because the impact would have been anti-dilutive. No unvested stock-based awards that will be settled in shares were excluded from the computation of Diluted Net Income per Share for the thirteen weeks ended May 4, 2024.