v3.26.1
Earnings per Common Share
3 Months Ended
May 02, 2026
Earnings per Common Share [Abstract]  
Earnings per Common Share
(3)
Earnings per Common Share

Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding after giving effect to the potential dilution, if applicable, from the assumed exercise of stock options into shares of common stock as if those stock options were exercised and the assumed lapse of restrictions on restricted stock units.
The following table summarizes those effects for the diluted earnings per common share calculation:

   
Thirteen weeks ended
 
   
May 2,
2026
   
May 3,
2025
 
   
(in thousands, except per share amounts)
 
             
Net income
 
$
56,400
   
$
47,560
 
Weighted average number of common shares outstanding – Basic
   
60,884
     
61,343
 
Incremental shares from the assumed exercise of outstanding stock options and vesting of restricted stock units
   
307
     
473
 
Weighted average number of common shares outstanding - Diluted
   
61,191
     
61,816
 
Earnings per common share – Basic
 
$
0.93
   
$
0.78
 
Earnings per common share - Diluted
 
$
0.92
   
$
0.77
 

The effect of the weighted average assumed exercise of stock options outstanding totaling 177,721 and 72,615 for the thirteen weeks ended May 2, 2026 and May 3, 2025, respectively, were excluded from the calculation of diluted weighted average common shares outstanding because the effect would have been antidilutive.
 
The effect of weighted average non-vested restricted stock units outstanding totaling 24,443 and 34,200 for the thirteen weeks ended May 2, 2026 and May 3, 2025, respectively, were excluded from the calculation of diluted weighted average common shares outstanding because the effect would have been antidilutive.