Net Income Per Share

6 Months Ended

Jul. 29, 2023

Earnings Per Share, Basic [Abstract]

Note 2 - Net Income Per Share

The following table sets forth the computation of Basic and Diluted Net Income per Share as shown on the face of the accompanying Condensed Consolidated Statements of Income:


	Thirteen Weeks Ended
	July 29, 2023						July 30, 2022
			(In thousands, except per share data)
Basic Net Income per Share:	Net Income		Shares		Per Share Amount		Net Income		Shares		Per Share Amount
Net income available for basic common shares and basic net income per share	$	19,441		27,336	$	0.71	$	28,909		27,590	$	1.05
Diluted Net Income per Share:
Net income	$	19,441					$	28,909
Conversion of stock-based compensation arrangements		0		74				0		222
Net income available for diluted common shares and diluted net income per share	$	19,441		27,410	$	0.71	$	28,909		27,812	$	1.04


	Twenty-six Weeks Ended
	July 29, 2023						July 30, 2022
			(In thousands, except per share data)
Basic Net Income per Share:	Net Income		Shares		Per Share Amount		Net Income		Shares		Per Share Amount
Net income available for basic common shares and basic net income per share	$	35,967		27,280	$	1.32	$	55,806		27,784	$	2.01
Diluted Net Income per Share:
Net income	$	35,967					$	55,806
Conversion of stock-based compensation arrangements		0		169				0		277
Net income available for diluted common shares and diluted net income per share	$	35,967		27,449	$	1.31	$	55,806		28,061	$	1.99

The computation of Basic Net Income per Share is based on the weighted average number of common shares outstanding during the period. The computation of Diluted Net Income per Share is based on the weighted average number of shares outstanding plus the dilutive incremental shares that would be outstanding assuming the vesting of stock-based compensation arrangements involving restricted stock, restricted stock units and performance stock units. The computation of Diluted Net Income per Share for the thirteen and twenty-six weeks ended July 29, 2023 excluded approximately 134,000 and 1,000, respectively, of unvested stock-based awards that will be settled in shares because the impact would have been anti-dilutive. During the thirteen and twenty-six weeks ended July 30, 2022, approximately 318,000 and 31,000, respectively, of unvested stock-based awards that will be settled in shares were excluded from the computation of Diluted Net Income per Share because the impact would have been anti-dilutive.