Annual report [Section 13 and 15(d), not S-K Item 405]

Basic and Diluted Net Income Per Common Share

v3.25.1
Basic and Diluted Net Income Per Common Share
 12 Months Ended
Feb. 02, 2025
Earnings Per Share [Abstract]  
Basic and Diluted Net Income Per Common Share Basic and Diluted Net Income Per Common Share
The following table sets forth the computation of basic and diluted net income per share for fiscal 2025, 2024, and 2023:

(amounts in thousands, except per share data and share amounts) 2025 2024 2023
Net income $ 11,556  $ 23,861  $ 26,488 
Weighted-average number of common shares outstanding, basic
 15,502,469  15,427,975  15,198,754 
Effect of dilutive securities(1)
1,289,002  1,032,408  756,914 
Weighted-average number of common shares outstanding, diluted
16,791,471  16,460,383  15,955,668 
Basic net income per share
 $ 0.75  $ 1.55  $ 1.74 
Diluted net income per share
 $ 0.69  $ 1.45  $ 1.66 
(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 2025, 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.