Earnings (Loss) per Share |
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings (Loss) per Share | Earnings (Loss) per Share The computation of basic and diluted net earnings (loss) per common share attributable to common stockholders is (in thousands, except per share data):
______________________________________________________________________ Notes: 1Expenses related to the convertible senior notes include interest expense, loss on extinguishment of debt and loss on fair value remeasurement for embedded derivative, as applicable, net of associated income tax effect. Certain potentially dilutive common stock, including certain equity awards granted that were outstanding as well as shares issuable under convertible senior notes, are not included in the computation of diluted weighted average common shares and potential common shares outstanding if their effect would have been antidilutive. Antidilutive shares excluded from the computation of diluted weighted average common shares and potential common shares outstanding are:
______________________________________________________________________ Notes: 1During the three months ended May 3, 2025, 438,499 potentially dilutive shares were excluded given the Company’s net loss and 2,515,273 potentially dilutive shares were excluded because the assumed proceeds resulted in these awards being antidilutive. During the three months ended May 4, 2024, potentially dilutive shares were excluded because the assumed proceeds resulted in these awards being antidilutive. Additionally, the Company excluded 517,704 and 300,000 nonvested stock units which were subject to the achievement of performance-based or market-based vesting conditions from the computation of diluted weighted average common shares and potential common shares outstanding because these conditions were not achieved as of May 3, 2025 and May 4, 2024, respectively. There were no warrants related to the 2.00% convertible senior notes due April 2024 (the “2024 Notes”) outstanding as of May 3, 2025. Warrants related to the 2024 Notes to purchase approximately 1.3 million shares of the Company’s common shares at an adjusted strike price of $41.45 per share were outstanding as of May 4, 2024. Warrants related to the 3.75% convertible senior notes due April 2028 (the “2028 Notes”, and together with the 2024 Notes, the “Notes”) to purchase approximately 16.0 million and 15.7 million shares of the Company’s common shares at adjusted strike prices of $37.13 and $37.89 per share were outstanding as of May 3, 2025 and May 4, 2024, respectively. During the three months ended May 3, 2025 and May 4, 2024, these warrants were excluded from the computation of diluted net earnings (loss) per share since the warrants’ strike prices were greater than the average market price of the Company’s common stock. See Note 11 - Convertible Senior Notes and Related Transactions for more information regarding the Notes and related hedge transactions.
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