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

Note 8. (Loss) Earnings Per Share

Basic (loss) earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Except when the effect would be anti-dilutive, diluted earnings per share is calculated based on the weighted average number of shares of common stock outstanding plus the dilutive effect of share-based awards calculated under the treasury stock method. In periods when the Company incurs a net loss, share-based awards are excluded from the calculation of earnings per share as their inclusion would have an anti-dilutive effect.

The following is a reconciliation of weighted average basic shares to weighted average diluted shares outstanding:

 

 

 

Three Months Ended

 

 

 

May 2,

 

 

May 3,

 

 

 

2026

 

 

2025

 

Weighted-average shares—basic

 

 

12,846,848

 

 

 

12,820,338

 

Effect of dilutive equity securities

 

 

 

 

 

 

Weighted-average shares—diluted

 

 

12,846,848

 

 

 

12,820,338

 

 

Because the Company incurred a net loss for the three months ended May 2, 2026 and May 3, 2025, weighted-average basic shares and weighted-average diluted shares outstanding are equal for these periods.