Earnings per Share (Tables)

3 Months Ended

May 01, 2021

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 1, 2021		May 2, 2020
(in thousands)
Common stock outstanding:
Basic weighted average common shares outstanding		62,153		50,758
Common stock equivalents – stock options, restricted stock units and deferred stock ⁽¹⁾		847		—
Diluted weighted average common shares outstanding		63,000		50,758

(1)

Common stock equivalents of 261 shares for the three months ended May 2, 2020 were excluded due to the net loss.

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, restricted stock units, or deferred stock had an anti-dilutive effect.

	For the three months ended
	May 1, 2021		May 2, 2020
(in thousands, except exercise prices)
Stock options		1,933		538
Restricted stock units		506		963
Deferred stock		102		160
Range of exercise prices of such options	$0.69 - $5.50		$1.85 - $7.02