BUILD-A-BEAR WORKSHOP INC Earnings Per Share Disclosure
| (11) | Net Income Per Share |
The Company computes both basic and diluted income per common share. The following table sets forth the computation of basic and diluted income per share (in thousands, except share and per share data):
| Fiscal year ended | ||||||||||||
| January 31, | February 1, | February 3, | ||||||||||
| 2026 | 2025 | 2024 | ||||||||||
| NUMERATOR: | ||||||||||||
| Net Income | $ | 52,203 | $ | 51,785 | $ | 52,805 | ||||||
| DENOMINATOR: | ||||||||||||
| Weighted average number of common shares outstanding - basic | 13,045,394 | 13,578,587 | 14,342,931 | |||||||||
| Dilutive effect of share-based awards: | 38,042 | 42,488 | 128,944 | |||||||||
| Weighted average number of common shares outstanding - dilutive | 13,083,436 | 13,621,075 | 14,471,875 | |||||||||
| Basic income per common share | $ | 4.00 | $ | 3.81 | $ | 3.68 | ||||||
| Diluted income per common share | $ | 3.99 | $ | 3.80 | $ | 3.65 | ||||||
In calculating diluted earnings per share for fiscal 2025, 2024 and 2023, there were 20,577, 21,828, and 23,324 shares of common stock, respectively, that were outstanding at the end of the period that were not included in the computation of diluted income per share due to their anti-dilutive effect under provisions of ASC 260-10.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Apr 16, 2026 | Showing above |
| 2025 | Apr 17, 2025 | |
| 2019 | Apr 18, 2019 | |
| 2017 | Mar 15, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.