SPORTSMAN'S WAREHOUSE HOLDINGS, INC. Earnings Per Share Disclosure
(11) 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. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of nonvested share awards and nonvested share unit awards.
The following table sets forth the computation of basic and diluted earnings per share for the periods presented:
|
|
Fiscal Year Ended |
|
|||||||||
|
|
January 31, |
|
|
February 1, |
|
|
February 3, |
|
|||
|
|
2026 |
|
|
2025 |
|
|
2024 |
|
|||
Net (loss) income |
|
$ |
(50,061 |
) |
|
$ |
(33,059 |
) |
|
$ |
(28,997 |
) |
Weighted-average shares of common stock outstanding: |
|
|
|
|
|
|
|
|
|
|||
Basic |
|
|
38,386 |
|
|
|
37,808 |
|
|
|
37,489 |
|
Dilutive effect of common stock equivalents |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Diluted |
|
|
38,386 |
|
|
|
37,808 |
|
|
|
37,489 |
|
Basic (loss) earnings per share |
|
$ |
(1.30 |
) |
|
$ |
(0.87 |
) |
|
$ |
(0.77 |
) |
Diluted (loss) earnings per share |
|
$ |
(1.30 |
) |
|
$ |
(0.87 |
) |
|
$ |
(0.77 |
) |
Restricted stock units considered anti-dilutive and excluded in the calculation |
|
|
497 |
|
|
|
603 |
|
|
|
354 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 31, 2026 | Showing above |
| 2025 | Apr 2, 2025 | |
| 2024 | Apr 4, 2024 | |
| 2023 | Apr 13, 2023 | |
| 2022 | Mar 30, 2022 | |
| 2018 | Mar 29, 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.