v3.26.1
Earnings Per Share
6 Months Ended
Aug. 01, 2026
Earnings Per Share [Abstract]  
Earnings Per Share

Note 8. Earnings Per Share

Basic earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Except when the effect would be anti-dilutive, diluted earnings per share is calculated based on the weighted average number of shares of common stock outstanding plus the dilutive effect of share-based awards calculated under the treasury stock method. In periods when the Company incurs a net loss, share-based awards are excluded from the calculation of earnings per share as their inclusion would have an anti-dilutive effect.

The following is a reconciliation of weighted average basic shares to weighted average diluted shares outstanding:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

August 1,

 

 

August 2,

 

 

August 1,

 

 

August 2,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Weighted-average shares—basic

 

 

12,891,384

 

 

 

12,906,045

 

 

 

12,868,995

 

 

 

12,863,100

 

Effect of dilutive equity securities

 

 

298,260

 

 

 

52,694

 

 

 

276,034

 

 

 

87,728

 

Weighted-average shares—diluted

 

 

13,189,644

 

 

 

12,958,739

 

 

 

13,145,029

 

 

 

12,950,828

 

 

For the three and six months ended August 1, 2026, 150,533 and 87,266, respectively, of weighted average shares were excluded from the computation of weighted average shares for diluted earnings per share, as their effect would have been anti-dilutive. For the three and six months ended August 2, 2025, 522,638 and 182,809, respectively, of weighted average shares were excluded from the computation of weighted average shares for diluted earnings per share, as their effect would have been anti-dilutive.