The Lovesac Company Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Basic and Diluted Net Income Per Common Share (Tables)

Basic and Diluted Net Income Per Common Share (Tables)

12 Months Ended

Feb. 04, 2024

Schedule of Computation of basic and diluted net income per share

The following table sets forth the computation of basic and diluted net income per share for fiscal 2024, 2023, and 2022:


(amounts in thousands, except per share data and share amounts)	2024		2023		2022
Net income	$	23,861	$	26,488	$	47,488

Weighted-average number of common shares outstanding, basic	15,427,975		15,198,754		15,107,958
Effect of dilutive securities(1)	1,032,408		756,914		950,153
Weighted-average number of common shares outstanding, diluted	16,460,383		15,955,668		16,058,111

Basic net income per share	$	1.55	$	1.74	$	3.14
Diluted net income per share	$	1.45	$	1.66	$	2.96

(1) The effect of dilutive securities includes unvested restricted stock units, stock options and warrants. During fiscal 2024, all remaining outstanding warrants were exercised. For fiscal 2024 and 2023, the effects of 495,366 stock options outstanding were excluded from the computation of diluted net income per share because their effect would have been anti-dilutive.