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 thirty-nine weeks ended May 30, 2026, 0.1 million and 0.2 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				Thirty-Nine Weeks Ended
(In thousands, except per share data)	May 30, 2026		May 31, 2025		May 30, 2026		May 31, 2025
Basic (loss) earnings per share computation:
Numerator:
Net (loss) income available to common stockholders	$	(51,972)	$	41,102	$	(186,401)	$	115,971
Denominator:
Weighted average common shares outstanding - basic	89,940,680		100,923,690		93,677,801		100,787,087
Basic (loss) earnings per share from net (loss) income	$	(0.58)	$	0.41	$	(1.99)	$	1.15

Diluted (loss) earnings per share computation:
Numerator:
Net (loss) income available for common stockholders	$	(51,972)	$	41,102	$	(186,401)	$	115,971
Numerator for diluted (loss) earnings per share	$	(51,972)	$	41,102	$	(186,401)	$	115,971
Denominator:
Weighted average common shares outstanding - basic	89,940,680		100,923,690		93,677,801		100,787,087
Employee stock options	—		548,926		—		700,710
Non-vested stock units	—		162,905		—		182,201
Weighted average common shares - diluted	89,940,680		101,635,521		93,677,801		101,669,998
Diluted (loss) earnings per share from net (loss) income	$	(0.58)	$	0.40	$	(1.99)	$	1.14

Diluted earnings per share calculations for the thirteen and thirty-nine week periods ended May 30, 2026, excluded 4.0 million and 2.5 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 thirty-nine week periods ended May 31, 2025, excluded 0.8 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.