CULP INC Earnings Per Share Disclosure
17. NET LOSS PER SHARE
Basic net loss per share is computed using the weighted-average number of shares outstanding during the period. Diluted net loss per share uses the weighted-average number of shares outstanding during the period plus the dilutive effect of stock-based compensation calculated using the treasury stock method.
Weighted-average number of shares used in the computation of both basic and diluted net loss per share were 12,525,000, 12,432,000, and 12,283,000 for fiscal years 2025, 2024, and 2023, respectively.
Shares of unvested common stock that were not included in the computation of diluted net loss per share consist of the following:
(in thousands) |
|
2025 |
|
|
2024 |
|
|
2023 |
|
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antidilutive effect from decrease in the price per share of our |
|
|
— |
|
|
|
— |
|
|
|
25 |
|
antidilutive effect from net loss incurred during the fiscal year |
|
|
145 |
|
|
|
144 |
|
|
|
88 |
|
total unvested shares of common stock not included in |
|
|
145 |
|
|
|
144 |
|
|
|
113 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jul 11, 2025 | Showing above |
| 2024 | Jul 12, 2024 | |
| 2023 | Jul 14, 2023 | |
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.