v3.26.1
Earnings Per Share
6 Months Ended
Aug. 01, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Earnings per share is computed under the provisions of ASC 260, Earnings Per Share. Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential shares of common stock (i.e., in-the-money outstanding stock options as well as RSAs) outstanding during the period using the treasury stock method, whereby proceeds from such exercise, unamortized compensation and hypothetical excess tax benefits, if any, on share-based awards are assumed to be used by us to purchase shares of common stock at the average market price during the period.
The components of basic and diluted net loss per share were as follows (in thousands, except per share amounts):
Thirteen Weeks EndedTwenty-Six Weeks Ended
August 1,
2026
August 2,
2025
August 1,
2026
August 2,
2025
Net income (loss)$8,381 $3,165 $428 $(18,987)
Weighted average basic shares outstanding30,253 30,091 30,186 30,075 
Dilutive effect of in-the-money stock options and RSAs906 175 638 — 
Weighted average shares for diluted net income (loss) per share31,159 30,266 30,824 30,075 
Basic net income (loss) per share of Class A and Class B common stock$0.28 $0.11 $0.01 $(0.63)
Diluted net income (loss) per share of Class A and Class B common stock$0.27 $0.10 $0.01 $(0.63)
The following stock options and restricted stock have been excluded from the calculation of diluted net income (loss) per share as the effect of including these stock options would have been anti-dilutive (in thousands):
Thirteen Weeks EndedTwenty-Six Weeks Ended
August 1,
2026
August 2,
2025
August 1,
2026
August 2,
2025
Stock options2,018 2,383 2,211 2,383 
Restricted stock77 31 77 31 
Total2,095 2,414 2,288 2,414