Company: CULP
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0000950170-25-035191
Chunk: 25

Company: CULP INC
Filing Date: 2025-03-07
Form: 10-Q
Item: Item 1
Chunk 25
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 financial instruments.

I-20

13. Net Loss Per ShareBasic net loss per share is computed using the weighted-average number of shares outstanding during the period. Diluted net loss per share uses the weighted-average number of shares outstanding during the period plus the dilutive effect of stock-based compensation calculated using the treasury stock method.Weighted average shares used in the computation of basic and diluted net loss per share were 12,559,000 and 12,470,000 for the three months ended January 26, 2025, and January 28, 2024, respectively.  Shares of unvested common stock that were not included in the computation of diluted net loss per share consist of the following:  

        Three Months Ended

        (in thousands)
         
        January 26, 2025

        January 28, 2024

        Antidilutive effect from decrease in the price per share of our common stock

        —

        15

        Antidilutive effect from net loss incurred during the fiscal quarter
         
        123

        81

        Total unvested shares of common stock not included in

             computation of diluted net loss per share

        123

        96

       Weighted average shares used in the computation of basic and diluted net loss per share were 12,514,000 and 12,419,000 for the nine months ending January 26, 2025, and January 28, 2024, respectively.  Shares of unvested common stock that were not included in the computation of diluted net loss per share consist of the following:  

        Nine months ended

        (in thousands)
         
        January 26, 2025

        January 28, 2024

        antidilutive effect from decrease in the price per share of our common stock

        —

        4

        antidilutive effect from net loss incurred during the fiscal year
         
        135

        126

        total unvested shares of common stock not included in

             computation of diluted net loss per share

        135

        130

14. Segment InformationOverallOur operations are classified into two business segments: mattress fabrics and upholstery fabrics. Mattress FabricsThe mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. Upholstery FabricsThe upholstery fabrics segment develops, sources, manufactures,