| Computation of Basic and Diluted Net Income Per Common Share |
The following table summarizes the computation of basic and diluted net income per common share (“EPS”) (in thousands, except share and per share data):
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For the Thirteen Weeks Ended |
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For the Twenty-Six Weeks Ended |
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August 3, 2024 |
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July 29, 2023 |
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August 3, 2024 |
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July 29, 2023 |
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Numerator |
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Net income |
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$ |
8,191 |
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$ |
15,222 |
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$ |
24,887 |
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$ |
19,818 |
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Denominator |
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Weighted average number of common shares outstanding |
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11,336,014 |
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10,594,381 |
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11,014,128 |
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10,512,944 |
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Assumed exercise of warrants |
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3,570,648 |
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3,564,456 |
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3,567,668 |
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3,598,180 |
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Weighted average common shares, basic |
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14,906,662 |
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14,158,837 |
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14,581,796 |
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14,111,124 |
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Dilutive effect of equity compensation awards |
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191,639 |
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208,914 |
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164,953 |
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234,055 |
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Weighted average common shares, diluted |
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15,098,301 |
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14,367,751 |
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14,746,749 |
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14,345,179 |
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Net income per common share, basic |
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$ |
0.55 |
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$ |
1.08 |
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$ |
1.71 |
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$ |
1.40 |
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Net income per common share, diluted |
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$ |
0.54 |
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$ |
1.06 |
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$ |
1.69 |
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$ |
1.38 |
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