16. (Loss) Earnings per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted (loss) earnings per share (in thousands, except per share amounts):

 

 

Fiscal Year Ended

 

 

 

February 1, 2025

 

February 3, 2024

 

January 28, 2023

 

Net (loss) income

 

$

(1,713

)

 

$

(62,610

)

 

$

21,034

 

Weighted average common shares for basic (loss) earnings per share

 

 

18,918

 

 

 

19,290

 

 

 

19,208

 

Dilutive effect of stock options and restricted stock

 

 

 

 

 

 

 

 

220

 

Weighted average common shares for diluted (loss) earnings per
   share

 

 

18,918

 

 

 

19,290

 

 

 

19,428

 

Basic (loss) earnings per share

 

$

(0.09

)

 

$

(3.25

)

 

$

1.10

 

Diluted (loss) earnings per share

 

$

(0.09

)

 

$

(3.25

)

 

$

1.08

 

Total anti-dilutive common stock options not included in the calculation of diluted earnings per share were
0.5 million for the fiscal years ended February 1, 2025 and February 3, 2024,and 0.1 million and for the fiscal years ended January 28, 2023.

Historical Timeline

Fiscal YearFiled
2025Mar 13, 2025Showing above
2024Mar 14, 2024
2023Mar 20, 2023
2022Mar 14, 2022
2021Mar 15, 2021
2020Mar 16, 2020
2019Mar 18, 2019
2018Mar 19, 2018
2017Mar 13, 2017
2016Mar 14, 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.