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Earnings Per Share - Notes to Financial Statements
 3 Months Ended
May 01, 2021
Earnings Per Share Disclosure [Abstract]  
Earnings Per Share
NOTE 2 -
 
EARNINGS
 
PER SHARE:
 
Accounting
 
Standard
 
Codification
 
(“ASC”)
 
260 –
Earnings
 
Per Share
 
requires
 
dual presentation
 
of basic
 
and
diluted
 
Earnings
 
Per Share
 
(“EPS”)
 
on the face of all
 
income statements
 
for all entities
 
with complex
 
capital
structures.
 
The Company
 
has presented
 
one basic
 
EPS and
 
one diluted
 
EPS amount
 
for all common
 
shares in
the accompanying
 
Condensed
 
Consolidated
 
Statements
 
of Income
 
(Loss) and
 
Comprehensive
 
Income
 
(Loss).
 
While the Company’s certificate of
 
incorporation
 
provides
 
the right for
 
the Board of
 
Directors
 
to declare
dividends
 
on Class
 
A shares
 
without
 
declaration
 
of commensurate
 
dividends
 
on Class
 
B shares,
 
the Company
has historically
 
paid the
 
same dividends
 
to both Class
 
A and Class
 
B shareholders
 
and the Board
 
of Directors
has resolved
 
to continue
 
this practice.
 
Accordingly,
 
the Company’s
 
allocation
 
of income
 
for purposes
 
of the
EPS computation is the
 
same for Class
 
A and Class
 
B shares and
 
the EPS amounts
 
reported
 
herein
 
are
applicable
 
to both
 
Class A
 
and Class
 
B shares.
 
Basic EPS is
 
computed
 
as net income less
 
earnings
 
allocated
 
to non-vested equity awards divided by
 
the
weighted
 
average
 
number of common shares outstanding
 
for the period.
 
Diluted
 
EPS reflects the potential
dilution
 
that could occur
 
from common shares
 
issuable
 
through
 
stock options and
 
the Employee Stock
Purchase
 
Plan.
Three Months Ended
May 1, 2021
May 2, 2020
(Dollars in thousands)
Numerator
Net earnings (loss)
$
20,713
$
(28,417)
Earnings (loss) allocated to non-vested equity awards
(942)
1,135
Net earnings (loss) available to common stockholders
$
19,771
$
(27,282)
Denominator
Basic weighted average common shares outstanding
21,489,162
22,959,887
Diluted weighted average common shares outstanding
21,489,162
22,959,887
Net income (loss) per common share
Basic earnings (loss) per share
$
0.92
$
(1.19)
Diluted earnings (loss) per share
$
0.92
$
(1.19)