The numerator for both basic and diluted earnings (loss) per share is net income (loss) attributable to the Company. The denominator for basic earnings (loss) per share is based upon the number of weighted average shares of the Company’s common stock outstanding during the reporting periods. The denominator for diluted earnings (loss) per share is based upon the number of weighted average shares of the Company’s common stock and common stock equivalents outstanding during the reporting periods using the treasury stock method in accordance with ASC 260, Earnings Per Share. Potentially dilutive securities for the diluted earnings (loss) per share calculations consist of non-vested equity shares of common stock and in-the-money outstanding options where the current stock price exceeds the option strike price.

The following table summarizes the components of basic and diluted earnings (loss) per share:


	13 Weeks Ended
(in thousands, except per share amounts)	May 1, 2026		May 2, 2025
Net income (loss)	$	330,693	$	(8,262	)

Basic weighted average common shares outstanding		30,778		30,867
Dilutive impact of stock awards		546		—
Diluted weighted average common shares outstanding		31,324		30,867

Earnings (loss) per share
Basic	$	10.74	$	(0.27	)
Diluted	$	10.56	$	(0.27	)

Anti-dilutive shares excluded from diluted earnings (loss) per common share calculation		58		746

Stock awards are considered anti-dilutive based on the application of the treasury stock method or in the event of a net loss.