Equity and Earnings per Share

3 Months Ended

Apr. 29, 2023

Earnings Per Share [Abstract]

Equity and Earnings per Share

7. Equity and Earnings per Share

The following table provides a reconciliation of the number of shares outstanding for basic and diluted earnings per share:

	For the three months ended
	April 29, 2023		April 30, 2022
(in thousands)
Common stock outstanding:
Basic weighted average common shares outstanding		62,690		64,080
Common stock equivalents – stock options, restricted stock units and deferred stock		3,626		4,290
Diluted weighted average common shares outstanding		66,316		68,370

The following potential common stock equivalents were excluded from the computation of diluted earnings per share in each period, because the exercise price of such options was greater than the average market price per share of common stock for the respective periods or because the unearned compensation associated with stock options or restricted stock units had an anti-dilutive effect.

	For the three months ended
	April 29, 2023		April 30, 2022
(in thousands, except exercise prices)
Stock options		17		285
Restricted stock units		9		494
Range of exercise prices of such options	$4.48-$7.43		$4.87 - $5.50

The above options, which were outstanding at April 29, 2023, expire from April 3, 2032 to March 20, 2033.

Deferred stock of 435,568 shares at April 29, 2023 and at April 30, 2022 was excluded from the computation of basic earnings per share. Shares of deferred stock are not considered issued and outstanding until the vesting date of the deferral period.