Net (Loss)/Income Per Share

3 Months Ended

May 02, 2020

Earnings Per Share Basic [Abstract]

Net (Loss)/Income Per Share

Note 2 - Net (Loss)/Income Per Share

The following tables set forth the computation of basic and diluted net (loss)/income per share as shown on the face of the accompanying Condensed Consolidated Statements of Income:

	Thirteen Weeks Ended
	May 2, 2020								May 4, 2019
				(In thousands, except per share data)
Basic Net (Loss)/Income per Share:	Net (Loss)/Income			Shares		Per Share Amount			Net (Loss)/Income			Shares		Per Share Amount
Net (loss)/income	$	(16,190	)						$	13,873
Conversion of share-based compensation    arrangements		0								(44	)
Net (loss)/income available for basic common shares    and basic net (loss)/income per share	$	(16,190	)		13,992	$	(1.16	)	$	13,829			14,612	$	0.95
Diluted Net (Loss)/Income per Share:
Net (loss)/income	$	(16,190	)						$	13,873
Conversion of share-based compensation    arrangements		0			0					(43	)		580
Net (loss)/income available for diluted common    shares and diluted net (loss)/income per share	$	(16,190	)		13,992	$	(1.16	)	$	13,830			15,192	$	0.91

The computation of basic net (loss)/income per share of common stock is based on the weighted average number of common shares outstanding during the period. The computation of diluted net (loss)/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 restricted stock awards, restricted stock units and performance stock units, of which a small portion have a non-forfeitable right to dividends. The computation of diluted net (loss)/income per share excluded approximately 198,000 unvested share-settled equity awards for the first quarter of fiscal 2020 because the impact would be anti-dilutive.  During the first quarter of fiscal 2019 all unvested share-settled equity awards were dilutive.