EARNINGS PER SHARE

9 Months Ended

Nov. 02, 2014

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 2, 2014
Basic	$	64,908		93,067	$	0.70
Effect of dilutive stock-based awards				1,853
Diluted	$	64,908		94,920	$	0.68
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
Thirty-Nine weeks ended November 2, 2014
Basic	$	161,817		93,862	$	1.72
Effect of dilutive stock-based awards				1,741
Diluted	$	161,817		95,603	$	1.69
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

There were no stock-based awards excluded from the computation of diluted earnings per share for the thirteen or thirty-nine weeks ended November 2, 2014 and November 3, 2013.

- Definition

The entire disclosure for earnings per share.

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