v3.26.1
Net Income Per Share
3 Months Ended
May 02, 2026
Earnings Per Share [Abstract]  
Net Income Per Share

9. Net Income Per Share

The following table summarizes the computation of basic and diluted net income per common share (“EPS”) (in thousands, except share and per share data):

 

 

For the Thirteen Weeks Ended

 

 

 

 

May 2, 2026

 

 

May 3, 2025

 

 

Numerator

 

 

 

 

 

 

 

Net income

 

$

4,688

 

 

$

11,692

 

 

Denominator

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

 

14,880,999

 

 

 

15,314,474

 

 

Weighted average common shares, basic

 

 

14,880,999

 

 

 

15,314,474

 

 

Dilutive effect of share-based awards

 

 

94,283

 

 

 

76,483

 

 

Weighted average common shares, diluted

 

 

14,975,282

 

 

 

15,390,957

 

 

Net income per common share, basic

 

$

0.32

 

 

$

0.76

 

 

Net income per common share, diluted

 

$

0.31

 

 

$

0.76

 

 

Share-based awards are excluded from the diluted earnings per share calculation when their inclusion would have an antidilutive effect such as when the Company has a net loss for the reporting period, or if the assumed proceeds per share of the award is in excess of the related fiscal period’s average price of the Company’s common stock. Accordingly, 344,520 and 262,565 shares for the thirteen weeks ended May 2, 2026 and May 3, 2025, respectively, were excluded from the diluted earnings per share calculation because their inclusion would be antidilutive.