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EARNINGS PER SHARE
 9 Months Ended
Nov. 03, 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 November 3, 2013

         

Basic

    $ 56,719         95,453       $ 0.59   

Effect of dilutive stock-based awards

               2,410            

Diluted

    $ 56,719         97,863       $ 0.58   

Thirteen weeks ended October 28, 2012

         

Basic

    $ 48,900         98,444       $ 0.50   

Effect of dilutive stock-based awards

               1,974            

Diluted

    $ 48,900         100,418       $ 0.49   

Thirty-nine weeks ended November 3, 2013

         

Basic

    $ 145,104         97,080       $ 1.49   

Effect of dilutive stock-based awards

               1,995            

Diluted

    $ 145,104         99,075       $ 1.46   

Thirty-nine weeks ended October 28, 2012

         

Basic

    $ 122,996         99,528       $ 1.24   

Effect of dilutive stock-based awards

               1,757            

Diluted

    $ 122,996         101,285       $ 1.21   

There were no stock-based awards excluded from the computation of diluted earnings per share for the thirteen and thirty-nine weeks ended November 3, 2013. Stock-based awards of 1,210,000 and 1,604,000 for the thirteen and thirty-nine weeks ended October 28, 2012, respectively, were excluded from the computation of diluted earnings per share, as their inclusion would be anti-dilutive.