Net Income (Loss) Per Share

6 Months Ended

Jul. 29, 2023

NET INCOME (LOSS) PER SHARE

Net income (loss) per basic and diluted share attributable to A&F is computed based on the weighted-average number of outstanding shares of A&F’s Class A Common Stock, $0.01 par value (“Common Stock”). The following table provides additional information pertaining to net income (loss) per share attributable to A&F for the thirteen and twenty-six weeks ended July 29, 2023 and July 30, 2022:


	Thirteen Weeks Ended		Twenty-Six Weeks Ended
(in thousands)	July 29, 2023	July 30, 2022	July 29, 2023	July 30, 2022
Shares of Common Stock issued	103,300	103,300	103,300	103,300
Weighted-average treasury shares	(52,978)	(52,859)	(53,348)	(52,038)
Weighted-average — basic shares	50,322	50,441	49,952	51,262
Dilutive effect of share-based compensation awards	1,226	—	1,583	—
Weighted-average — diluted shares	51,548	50,441	51,535	51,262
Anti-dilutive shares (1)	1,453	4,209	1,779	4,245

(1)Reflects the total number of shares related to outstanding share-based compensation awards that have been excluded from the computation of net income (loss) per diluted share because the impact would have been anti-dilutive. Unvested shares related to restricted stock units with performance-based and market-based vesting conditions can achieve up to 200% of their target vesting amount and are reflected at the maximum vesting amount less any dilutive portion.