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EARNINGS PER SHARE
 3 Months Ended
May 05, 2013
EARNINGS PER SHARE

NOTE C. EARNINGS PER SHARE

Basic earnings per share is computed as net earnings divided by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed as net earnings divided by the weighted average number of common shares outstanding for the period plus common stock equivalents. Common stock equivalents consist of shares subject to option awards with exercise prices less than or equal to the average market price of our common stock for the period, as well as restricted stock units, to the extent their inclusion would be dilutive.

 

The following is a reconciliation of net earnings and the number of shares used in the basic and diluted earnings per share computations:

 

Dollars and amounts in thousands, except per share amounts    Net Earnings      Weighted
Average Shares		      Earnings
Per Share		  

Thirteen weeks ended May 5, 2013

         

Basic

    $ 39,466         97,704       $ 0.40   

Effect of dilutive stock-based awards

               1,811            

Diluted

    $ 39,466         99,515       $ 0.40   

Thirteen weeks ended April 29, 2012

         

Basic

    $ 30,716         100,172       $ 0.31   

Effect of dilutive stock-based awards

               1,784            

Diluted

    $ 30,716         101,956       $ 0.30   

Stock-based awards of 918,000 and 1,664,000 for the thirteen weeks ended May 5, 2013 and April 29, 2012, respectively, were not included in the computation of diluted earnings per share, as their inclusion would be anti-dilutive.