Earnings Per Share

9 Months Ended

Oct. 31, 2020

The computation of basic earnings per share (EPS) is based on the number of weighted-average common shares outstanding during the period. The computation of diluted EPS is based on the weighted-average number of shares outstanding plus the incremental shares that would be outstanding assuming exercise of dilutive stock options and issuance of restricted stock. The number of incremental shares is calculated by applying the treasury stock method. The following table sets forth the weighted-average common shares outstanding (in thousands):


	13-Weeks Ended		39-Weeks Ended
	October 31, 2020	November 2, 2019	October 31, 2020	November 2, 2019
Weighted-average shares used in basic computations	16,572	17,568	16,551	17,927
Dilutive equity awards	605	247	351	158
Weighted-average shares used in diluted computations	17,177	17,815	16,902	18,085

For the 13-weeks ended October 31, 2020, we excluded 104,091 options from the computation of diluted weighted-average common shares and common stock equivalents outstanding because of their anti-dilutive effect. For the 13-weeks ended November 2, 2019, we excluded 251,847 options from the computation of diluted weighted-average common shares and common stock equivalents outstanding because of their anti-dilutive effect.

We also excluded 17,900 unvested stock awards granted to certain employees from the computation of diluted weighted-average common shares and common share equivalents outstanding because they are subject to certain performance-based annual vesting conditions which had not been achieved by October 31, 2020. Assuming the performance-criteria had been achieved as of October 31, 2020, the incremental dilutive impact would have been 15,266 shares.