Earnings Per Share

3 Months Ended

Apr. 30, 2022

The computation of basic earnings per share ("EPS") is based on the weighted-average number of 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 number of common shares outstanding (in thousands):


	13-Weeks Ended
	April 30, 2022	May 1, 2021
Weighted-average shares used in basic computations	13,224	16,325
Dilutive equity awards	388	641
Weighted-average shares used in diluted computations	13,612	16,966

For the 13-weeks ended April 30, 2022, we excluded 64,888 options from the computations of diluted weighted-average common shares or common stock equivalents outstanding because of their anti-dilutive effect. For the 13-weeks ended May 1, 2021, no options were excluded from the computation of diluted weighted-average common shares or common share equivalents.

We also excluded 94,962 unvested stock awards granted to certain employees from the computations 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 April 30, 2022. Assuming the performance-criteria had been achieved as of April 30, 2022, there was no incremental dilutive impact from the exclusion of these shares.