EARNINGS PER SHARE

6 Months Ended

Aug. 02, 2015

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 and common stock equivalents for the period. Common stock equivalents consist of shares subject to stock-based awards with exercise prices less than or equal to the average market price of our common stock for the period, 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:


In thousands, except per share amounts	Net Earnings		Weighted Average Shares		Earnings Per Share
Thirteen weeks ended August 2, 2015
Basic		$ 53,668		91,243		$ 0.59
Effect of dilutive stock-based awards				1,321
Diluted		$ 53,668		92,564		$ 0.58
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
Twenty-six weeks ended August 2, 2015
Basic		$ 98,458		91,475		$ 1.08
Effect of dilutive stock-based awards				1,494
Diluted		$ 98,458		92,969		$ 1.06
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

There were no stock-based awards excluded from the computation of diluted earnings per share for the thirteen or twenty-six weeks ended August 2, 2015 and August 3, 2014.