Net Income/(Loss) Per Share

3 Months Ended

May 01, 2021

Note 2 - Net Income/(Loss) Per Share

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

	Thirteen Weeks Ended
	May 1, 2021						May 2, 2020
			(In thousands, except per share data)
Basic Net Income/(Loss) per Share:	Net Income/(Loss)		Shares		Per Share Amount		Net Income/(Loss)			Shares		Per Share Amount
Net income/(loss) available for basic common shares and basic net income/(loss) per share	$	43,242		14,129	$	3.06	$	(16,190	)		13,992	$	(1.16	)
Diluted Net Income/(Loss) per Share:
Net income/(loss)	$	43,242					$	(16,190	)
Conversion of share-based compensation arrangements		0		195				0			0
Net income/(loss) available for diluted common shares and diluted net income/(loss) per share	$	43,242		14,324	$	3.02	$	(16,190	)		13,992	$	(1.16	)

The computation of basic net income/(loss) per share of common stock is based on the weighted average number of common shares outstanding during the period. The computation of diluted net income/(loss) 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 share-settled compensation arrangements involving restricted stock, restricted stock units and performance stock units. A small portion of these awards that were outstanding at the beginning of fiscal 2020 had a non-forfeitable right to dividends. The computation of diluted net income/(loss) per share excluded approximately 3,000 unvested share-settled awards for the first quarter of fiscal 2021 because the impact would be anti-dilutive. During the first quarter of fiscal 2020, approximately 198,000 unvested share-settled awards were excluded from the computation because the impact would have been anti-dilutive.