v3.26.1
Earnings Per Share
 6 Months Ended
Aug. 01, 2026
Earnings Per Share [Abstract]  
Earnings Per Share
NOTE 2 - EARNINGS PER SHARE:
Accounting Standard Codification (“ASC”) 260 –
Earnings Per Share
requires dual presentation of basic and
diluted Earnings Per Share
(“EPS”) on the face of
all income statements for
all entities with complex
capital
structures.
The Company has presented one basic EPS and one diluted EPS amount for all common shares in
the accompanying
Condensed Consolidated
Statements of
Income and
Comprehensive Income.
While the
Company’s certificate
of incorporation
provides the
right for
the Board of
Directors to
declare dividends
on
Class
A
shares
without
declaration
of
commensurate
dividends
on
Class
B
shares,
the
Company
has
historically paid the same dividends to both Class A and Class B shareholders and the
Board of Directors has
resolved to continue this practice.
Accordingly, the Company’s allocation of income for purposes of the EPS
computation is the same
for Class A and
Class B shares and
the EPS amounts reported
herein are applicable
to both Class A and Class B
shares.
Basic
EPS
is
computed
as
net
income
less
earnings
allocated
to
non-vested
equity
awards
divided
by
the
weighted average
number of
common shares
outstanding for
the period.
Diluted EPS
reflects the
potential
dilution
that
could
occur
from
common
shares
issuable
through
stock
options
and
the
Employee
Stock
Purchase Plan.
Three Months Ended
Six Months Ended
August 1, 2026
August 2, 2025
August 1, 2026
August 2, 2025
(Dollars in thousands, except per share data)
Numerator
Net earnings
$
1,149
$
6,832
$
10,458
$
10,141
Earnings allocated to non-vested equity awards
(53)
(319)
(483)
(531)
Net earnings available to common stockholders
$
1,096
$
6,513
$
9,975
$
9,610
Denominator
Basic weighted average common shares outstanding
19,000,182
18,809,364
18,909,337
18,747,100
Diluted weighted average common shares outstanding
19,000,182
18,809,364
18,909,337
18,747,100
Net income per common share
Basic earnings per share
$
0.06
$
0.35
$
0.53
$
0.51
Diluted earnings per share
$
0.06
$
0.35
$
0.53
$
0.51
Unvested restricted stock
excluded from
the calculation of
diluted EPS
was
926,511
and
915,221
shares for
the three and six month periods
ended August 1, 2026, respectively, and
922,075
and
1,036,914
shares for the
three and six
month periods ended
August 2, 2025,
respectively, because
the effect of
including them in
the
calculation of diluted EPS would have been
antidilutive.