We compute earnings per share (“EPS”) in accordance with the provisions of Accounting Standards Codification Topic 260, Earnings Per Share. Basic EPS is calculated by dividing net income attributable to holders of our common stock, par value $0.00001 per share (“Common Stock”), by the weighted average number of common shares outstanding during the reporting period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, converted, or otherwise resulted in the issuance of common shares that participate in our earnings.

The following is a reconciliation of the net income and shares of Common Stock amounts used in the calculation of basic and diluted EPS for the three months ended August 1, 2026, and August 2, 2025:


	Three Months Ended
	August 1, 2026		August 2, 2025
Earnings per share - basic
Net income	$	19,430	$	16,470
Weighted average shares outstanding	48,185		48,902
Basic earnings per share	$	0.40	$	0.34

Earnings per share - diluted
Net income	$	19,430	$	16,470


Diluted net income	$	19,430	$	16,470

Weighted average common shares outstanding	48,185		48,902
Dilution associated with stock compensation plans	716		834

Weighted average common shares outstanding, assuming dilution	48,901		49,736

Diluted earnings per share	$	0.40	$	0.33

For the three months ended August 2, 2025, 29 shares of potential common stock related to stock-based compensation plans were excluded from the computation of diluted EPS because their inclusion would have been anti-dilutive. The excluded shares included options outstanding to purchase 24 shares of common stock with a weighted average exercise price of $11.87.