v3.25.1
Earnings Per Share
3 Months Ended
May 03, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is based on net income (loss) attributable to Designer Brands Inc. and the weighted average of Class A and Class B common shares outstanding. Diluted earnings per share reflects the potential dilution of common shares adjusted for outstanding stock-based compensation awards calculated using the treasury stock method.

The following is a reconciliation between basic and diluted weighted average shares outstanding, as used in the calculation of earnings (loss) per share attributable to Designer Brands Inc.:
Three months ended
(in thousands)
May 3, 2025May 4, 2024
Weighted average basic shares outstanding
48,243 57,464 
Dilutive effect of stock-based compensation awards
 2,006 
Weighted average diluted shares outstanding
48,243 59,470 

For the three months ended May 3, 2025 and May 4, 2024, the number of shares relating to potentially dilutive stock-based compensation awards that were excluded from the computation of diluted earnings (loss) per share due to their anti-dilutive effect was 7.5 million and 2.8 million, respectively.