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EARNINGS PER SHARE
 6 Months Ended
Aug. 03, 2014
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 August 3, 2014

         

Basic

    $ 50,747         93,979       $ 0.54   

Effect of dilutive stock-based awards

               1,860            

Diluted

    $ 50,747         95,839       $ 0.53   

Thirteen weeks ended August 4, 2013

         

Basic

    $ 48,919         96,892       $ 0.50   

Effect of dilutive stock-based awards

               2,065            

Diluted

    $ 48,919         98,957       $ 0.49   

Twenty-six weeks ended August 3, 2014

         

Basic

    $ 96,909         94,010       $ 1.03   

Effect of dilutive stock-based awards

               1,704            

Diluted

    $ 96,909         95,714       $ 1.01   

Twenty-six weeks ended August 4, 2013

         

Basic

    $ 88,385         97,470       $ 0.91   

Effect of dilutive stock-based awards

               1,895            

Diluted

    $ 88,385         99,365       $ 0.89   

There were no stock-based awards excluded from the computation of diluted earnings per share for the thirteen weeks ended August 3, 2014 and August 4, 2013 and the twenty-six weeks ended August 3, 2014. Stock-based awards of 133,000 for the twenty-six weeks ended August 4, 2013, were excluded from the computation of diluted earnings per share, as their inclusion would be anti-dilutive.