Earnings Per Share

12 Months Ended

Jan. 28, 2023

(12) Earnings Per Share

Basic earnings per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding, during the period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of nonvested share awards and nonvested share unit awards.

The following table sets forth the computation of basic and diluted earnings per common share:


	Fiscal Year Ended
	January 28,		January 29,		January 30,
	2023		2022		2021
Net income	$	40,518	$	108,470	$	91,380
Weighted-average shares of common stock outstanding:
Basic		40,489		43,827		43,525
Dilutive effect of common stock equivalents		230		716		905
Diluted		40,719		44,543		44,430
Basic earnings per share	$	1.00	$	2.47	$	2.10
Diluted earnings per share	$	1.00	$	2.44	$	2.06
Restricted stock units considered anti-dilutive and excluded in the calculation		244		38		15