EXPRESS, INC. - 10-K filing on 2021-03-25

Earnings Per Share

12 Months Ended

Jan. 30, 2021

NOTE 9 | EARNINGS PER SHARE

The following table provides a reconciliation between basic and diluted weighted-average shares used to calculate basic and diluted earnings per share:


	2020	2019	2018
	(in thousands)
Weighted-average shares - basic	64,624	66,133	72,518
Dilutive effect of stock options, restricted stock units, and restricted stock	—	—	721
Weighted-average shares - diluted	64,624	66,133	73,239

Equity awards representing 10.6 million, 7.5 million, and 3.4 million shares of common stock were excluded from the computation of diluted earnings per share for 2020, 2019, and 2018, respectively, as the inclusion of these awards would have been anti-dilutive.

Additionally, for 2020, 0.2 million shares were excluded from the computation of diluted weighted average shares because the number of shares that will ultimately be issued is contingent on the Company's performance compared to pre-established performance goals, which have not been achieved as of January 30, 2021.