| NET INCOME PER SHARE |
NOTE 14—NET INCOME PER SHARE The weighted-average shares used for net income per share were as follows: | | | | | | | | | | | | YEAR ENDED | | | JANUARY 31, | | FEBRUARY 1, | | FEBRUARY 3, | | | 2026 | | 2025 | | 2024 | Weighted-average shares—basic | | | 18,753,509 | | | 18,487,319 | | | 19,880,576 | Effect of dilutive stock-based awards | | | 1,037,742 | | | 1,383,386 | | | 1,518,408 | Effect of dilutive convertible senior notes(1) | | | — | | | 120,894 | | | 201,494 | Weighted-average shares—diluted | | | 19,791,251 | | | 19,991,599 | | | 21,600,478 |
| (1) | The dilutive effect of the 2023 Notes and 2024 Notes is calculated under the if-converted method, which assumes share settlement of the entire convertible debt instrument. The 2023 Notes and 2024 Notes matured in June 2023 and September 2024, respectively, and did not have an impact on our diluted share count post-maturity. Refer to Note 11—Credit Facilities and Convertible Senior Notes. |
The following number of options and restricted stock units were excluded from the calculation of diluted net income per share because their inclusion would have been anti-dilutive: | | | | | | | | | | | | YEAR ENDED | | | JANUARY 31, | | FEBRUARY 1, | | FEBRUARY 3, | | | 2026 | | 2025 | | 2024 | Options | | | 2,128,707 | | | 1,591,655 | | | 1,316,836 | Restricted stock units | | | 8,237 | | | 8,990 | | | 15,313 |
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