Earnings Per Share
Basic net (loss) income per share is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted net (loss) income per share is computed based on the weighted-average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock and restricted-stock units. The components of basic and diluted net (loss) income per share are as follows (in thousands, except per share data):
 
 Fiscal Year Ended
 January 31,
2026
February 1,
2025
February 3,
2024
Numerator:
Net (loss) income from continuing operations$(32,677)$(33,379)$8,596 
Loss from discontinued operations, net of income tax(15,163)(28,809)(758)
Net (loss) income(47,840)(62,188)7,838 
Denominator:
Weighted-average number of common shares (basic)27,902 28,935 30,833 
Dilutive effect of stock-based awards— — 481 
Weighted-average number of common shares (diluted)27,902 28,935 31,314 
Basic net (loss) income per share:
Continuing operations$(1.17)$(1.15)$0.27 
Discontinued operations$(0.54)$(1.00)$(0.02)
Basic net (loss) income per share$(1.71)$(2.15)$0.25 
Diluted net (loss) income per share:
Continuing operations$(1.17)$(1.15)$0.27 
Discontinued operations$(0.54)$(1.00)$(0.02)
Diluted net (loss) income per share$(1.71)$(2.15)$0.25 

As of January 31, 2026 and February 1, 2025, all potential common shares were excluded from the diluted share calculation because they were anti-dilutive due to the net loss in the period.
As of February 3, 2024, there were an immaterial number of additional shares issuable upon the vesting of restricted stock units that were excluded from the diluted share calculations because they were anti-dilutive. The diluted share calculations include performance-based restricted stock units for completed performance periods.

Historical Timeline

Fiscal YearFiled
2026Mar 27, 2026Showing above
2025Mar 28, 2025
2024Mar 29, 2024
2023Mar 28, 2023
2022Mar 29, 2022
2021Mar 30, 2021
2020Mar 31, 2020
2019Apr 2, 2019
2018Apr 3, 2018
2017Mar 28, 2017
2016Mar 29, 2016

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.