Earnings per Share (Tables)

6 Months Ended

Jul. 31, 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				For the six months ended
	July 31, 2021		August 1, 2020		July 31, 2021		August 1, 2020
(in thousands)
Common stock outstanding:
Basic weighted average common shares outstanding		63,527		51,078		62,840		50,918
Common stock equivalents – stock options, restricted stock units and deferred stock ⁽¹⁾		4,088		—		3,098		—
Diluted weighted average common shares outstanding		67,615		51,078		65,938		50,918

(1)

Common stock equivalents of 178 shares and 206 shares for the three and six months ended August 1, 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				For the six months ended
	July 31, 2021		August 1, 2020		July 31, 2021		August 1, 2020
(in thousands, except exercise prices)
Stock options		409		3,676		424		3,676
Restricted stock units		—		963		—		963
Deferred stock		—		160		—		160
Range of exercise prices of such options	$4.49 - $5.50		$0.53 - $7.02		$2.25 - $5.50		$0.53 - $7.02