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

Basic and Diluted Net Income Per Common Share

v3.26.1
Basic and Diluted Net Income Per Common Share
 12 Months Ended
Feb. 01, 2026
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 2026, 2025, and 2024:

(amounts in thousands, except per share data and share amounts) 2026 2025 2024
Net income $ 4,065  $ 11,556  $ 23,861 
Weighted-average number of common shares outstanding, basic 14,684,339  15,502,469  15,427,975 
Effect of dilutive securities(1)(2)
11,240  1,289,002  1,032,408 
Weighted-average number of common shares outstanding, diluted 14,695,579  16,791,471  16,460,383 
Basic net income per share $ 0.28  $ 0.75  $ 1.55 
Diluted net income per share $ 0.28  $ 0.69  $ 1.45 
(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 2026, the effects of 385,285 stock options outstanding, which would have been anti-dilutive, were excluded from the computation of diluted net income per share. For fiscal 2025 and 2024, the effects of 495,366 stock options outstanding, which would have been anti-dilutive, were excluded from the computation of diluted net income per share.
(2) The Company prospectively corrected the diluted earnings per share calculation. The impact to previous years was not material.