Earnings per Share

12 Months Ended

Jan. 29, 2022

Basic earnings per share has been computed based upon the weighted average of Class A and Class B common shares outstanding. As no stock options or other dilutive securities were outstanding during any of the respective periods, the calculation of basic and dilutive earnings per share are the same.

Earnings per common share has been computed as follows:


	Fiscal 2021				Fiscal 2020				Fiscal 2019
(in thousands, except per share data)	Basic		Diluted		Basic		Diluted		Basic		Diluted
Net earnings (loss) available for per-share calculation	$	862,473	$	862,473	$	(71,654)	$	(71,654)	$	111,081	$	111,081
Average shares of common stock outstanding	20,592		20,592		22,697		22,697		25,364		25,364
Dilutive effect of stock-based compensation	—		—		—		—		—		—
Total average equivalent shares	20,592		20,592		22,697		22,697		25,364		25,364
Per share of common stock:
Net income (loss)	$	41.88	$	41.88	$	(3.16)	$	(3.16)	$	4.38	$	4.38