Basic and Diluted Loss Per Share |
3 Months Ended |
|---|---|
Apr. 30, 2022 | |
| Basic and Diluted Loss Per Share [Abstract] | |
| Basic and Diluted Loss Per Share |
Note 11. Basic and Diluted
Loss Per Share
Basic
loss per share is calculated by dividing net loss by the weighted average common shares outstanding for the period. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock
were exercised or converted into common stock or resulted in the issuance of common stock (net of any assumed repurchases) that then shared in the earnings of the Company, if any. It is computed by dividing net loss by the sum of the weighted
average shares outstanding and additional common shares that would have been outstanding if the dilutive potential common shares had been issued for the Company’s common stock awards from the Company’s Stock Award Plans.
For the thirteen-week periods ended April 30, 2022 and May 1, 2021, the impact of all outstanding stock awards was not considered because the
Company reported net losses in both periods and such impact would be anti-dilutive. Accordingly, basic and diluted loss per share was the same. Total anti-dilutive stock awards for the thirteen weeks ended April 30, 2022 and May 1, 2021 were
approximately 0.1 million shares for both periods.
|