Basic and Diluted Net Income (Loss) Per Common Share

3 Months Ended

May 04, 2025

Basic and Diluted Net Income (Loss) Per Common Share

Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number of common shares outstanding plus dilutive potential common shares, including unvested restricted stock units, stock options, and warrants. Diluted net income per common share includes, in periods in which they are dilutive, the effect of those potentially dilutive securities under the treasury stock method, where the average market price of the common stock exceeds the exercise prices for the respective periods. In periods of loss, there are no potentially dilutive common shares to add to the weighted average number of common shares outstanding.


	Thirteen weeks ended
(amounts in thousands, except per share data and share amounts)	May 4, 2025		May 5, 2024
Net loss	$	(10,840)	$	(12,960)

Weighted-average number of common shares outstanding, basic	14,792,080		15,537,823
Effect of dilutive securities(1)	—		—
Weighted-average number of common shares outstanding, diluted	14,792,080		15,537,823

Basic net loss per share	$	(0.73)	$	(0.83)
Diluted net loss per share	$	(0.73)	$	(0.83)

(1) The effect of dilutive securities includes unvested restricted stock units and stock options. For the thirteen weeks ended May 4, 2025 and May 5, 2024, unvested restricted stock units of 1,710,191 and 1,085,231, respectively, and the effects of 495,366 stock options outstanding were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive.