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Equity and Earnings per Share (Tables)
3 Months Ended
May 04, 2024
Earnings Per Share [Abstract]  
Reconciliation of Number of Shares Outstanding for Basic and Diluted 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

 

 

 

May 4, 2024

 

 

April 29, 2023

 

(in thousands)

 

 

 

 

 

 

Common stock outstanding:

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

58,036

 

 

 

62,690

 

Common stock equivalents – stock options, restricted stock units and deferred stock

 

 

2,927

 

 

 

3,626

 

Diluted weighted average common shares outstanding

 

 

60,963

 

 

 

66,316

 

Potential Common Stock Equivalents Excluded from Computation of Diluted Earnings Per Share

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

 

 

 

May 4, 2024

 

 

April 29, 2023

 

(in thousands, except exercise prices)

 

 

 

 

 

 

Stock options

 

 

73

 

 

 

17

 

Restricted stock units and deferred stock

 

 

545

 

 

 

9

 

Range of exercise prices of such options

 

$4.48-$6.59

 

 

$4.48 - $7.43