v3.26.1
Income (Loss) Per Share
3 Months Ended
Aug. 01, 2026
Earnings Per Share [Abstract]  
Income (Loss) Per Share Income (Loss) Per Share
Basic earnings per share ("EPS") is computed based upon the weighted average number of shares of Common Stock outstanding for the period. Diluted EPS is computed based upon the weighted average number of common shares outstanding for the period plus the dilutive effect of Common Stock equivalents using the treasury stock method and the average market price of the Company's Common Stock for the period. The Company includes participating securities (unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents) in the computation of EPS pursuant to the two-class method. The Company's participating securities consist solely of unvested restricted stock awards, which have contractual participation rights equivalent to those of stockholders of unrestricted Common Stock. The two-class method of computing net income (loss) per share is an allocation method that calculates net income (loss) per share for Common Stock and participating securities. During periods of net loss, no effect is given to the participating securities because they do not share in the losses of the Company.
The following is a reconciliation of the basic and diluted income (loss) per share calculation:
13 weeks ended
August 1, 2026August 2, 2025
Numerator for basic net loss per share:
Loss, net of tax
$(12,914)$(18,271)
Denominator for basic net loss per share:
Basic weighted average shares of Common Stock (a)
34,531,798 34,053,847 
Denominator for diluted earnings per share:
Diluted weighted average shares of common shares(a)
34,531,798 34,053,847 
Loss per share of Common Share:
Net loss per share - Basic$(0.37)$(0.54)
Net loss per share - Diluted$(0.37)$(0.54)
(a) During the 13 weeks ended August 1, 2026 and August 2, 2025, weighted-average shares of 1,190,128 and 623,003, respectively related to outstanding performance-based restricted stock units were excluded from the diluted net income (loss) per share calculation, as the market conditions underlying these awards had not been satisfied as of the reporting date.