Basic earnings or loss per share is based on the weighted average number of common shares issued and outstanding. In computing diluted earnings per share, basic earnings per share is adjusted for the assumed issuance of all potentially dilutive securities, including the Company’s (i) employee stock options and (ii) non-vested restricted stock units and performance stock units (collectively, the “Stock Units”).

In periods in which the Company has a net loss, diluted loss per share is based on the basis of basic weighted average number of common shares issued and outstanding as the effect of including common stock equivalents outstanding would be anti-dilutive. As the Company was in a net loss position for the thirteen and twenty-six weeks ended February 28, 2026, 0.2 million and 0.3 million shares of common stock issuable upon exercise of stock options and non-vested Stock Units, respectively, were excluded from the diluted earnings per share computation.


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
(In thousands, except per share data)	February 28, 2026		March 1, 2025		February 28, 2026		March 1, 2025
Basic (loss) earnings per share computation:
Numerator:
Net (loss) income available to common stockholders	$	(159,698)	$	36,747	$	(134,429)	$	74,869
Denominator:
Weighted average common shares outstanding - basic	92,343,383		101,040,501		95,546,361		100,724,155
Basic (loss) earnings per share from net (loss) income	$	(1.73)	$	0.36	$	(1.41)	$	0.74

Diluted earnings per share computation:
Numerator:
Net (loss) income available for common stockholders	$	(159,698)	$	36,747	$	(134,429)	$	74,869

Numerator for diluted (loss) earnings per share	$	(159,698)	$	36,747	$	(134,429)	$	74,869
Denominator:
Weighted average common shares outstanding - basic	92,343,383		101,040,501		95,546,361		100,724,155

Employee stock options	—		643,584		—		777,751
Non-vested stock units	—		137,144		—		173,028
Weighted average common shares - diluted	92,343,383		101,821,229		95,546,361		101,674,934
Diluted (loss) earnings per share from net (loss) income	$	(1.73)	$	0.36	$	(1.41)	$	0.74

Diluted earnings per share calculations for the thirteen and twenty-six week periods ended February 28, 2026, excluded 2.4 million and 1.7 million shares of common stock issuable upon exercise of stock options and non-vested Stock Units, respectively, that would have been anti-dilutive. Diluted earnings per share calculations for the thirteen and twenty-six week periods ended March 1, 2025, excluded 0.4 million and 0.7 million shares of common stock issuable upon exercise of stock options and non-vested Stock Units, respectively, that would have been anti-dilutive.