Note 11 - Net Income (Loss) Per Share

12 Months Ended

Jan. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

(11) Net (Loss) Income Per Share

The Company uses the two-class method to compute basic and diluted earnings per common share. In periods of net loss, no effect is given to the Company’s participating securities as they do not contractually participate in the losses of the Company. The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except share and per share data):

	Fiscal year ended
	January 30,			February 1,
	2021			2020
NUMERATOR:
Net (loss) income before allocation of earnings to participating securities	$	(22,983	)	$	261
Less: Earnings allocated to participating securities		-			-
Net (loss) income	$	(22,983	)	$	261
DENOMINATOR:
Weighted average number of common shares outstanding - basic		14,923,304			14,711,334
Dilutive effect of share-based awards:		-			48,476
Weighted average number of common shares outstanding - dilutive		14,923,304			14,759,810
Basic (loss) income per common share attributable to Build-A-Bear Workshop, Inc. stockholders	$	(1.54	)	$	0.02
Diluted (loss) income per common share attributable to Build-A-Bear Workshop, Inc. stockholders	$	(1.54	)	$	0.02

In calculating diluted earnings per share for fiscal 2020 and 2019, options to purchase 841,401 and 927,831 shares of common stock, respectively, were outstanding at the end of the period, but were not included in the computation of diluted income per share due to their anti-dilutive effect under provisions of ASC 260-10.