XML 44 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings per Common Share
 6 Months Ended
Jul. 28, 2012
Earnings per Common Share  
Earnings per Common Share

3.  Earnings per Common Share

 

Basic earnings per common share is computed based on the weighted average number of shares of common stock outstanding during the period.  Diluted earnings per common share is computed based on the weighted average number of shares of common stock, plus the effect of dilutive potential common shares outstanding during the period, using the treasury stock method.  Dilutive potential common shares include outstanding stock options, restricted stock and warrants.

 

The computations for basic and diluted earnings per common share are as follows (in thousands, except per share data):

 

 

 

13 Weeks Ended

 

26 Weeks Ended

 

 

 

July 28,

 

July 30,

 

July 28,

 

July 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Net income

 

$

53,663

 

$

73,848

 

$

110,820

 

$

111,346

 

Weighted average common shares outstanding (for basic calculation)

 

119,928

 

120,207

 

120,721

 

119,784

 

Dilutive effect of stock-based awards

 

4,605

 

5,629

 

5,047

 

5,818

 

Weighted average common shares outstanding (for diluted calculation)

 

124,533

 

125,836

 

125,768

 

125,602

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share - basic

 

$

0.45

 

$

0.61

 

$

0.92

 

$

0.93

 

Earnings per common share - diluted

 

$

0.43

 

$

0.59

 

$

0.88

 

$

0.89

 

 

For the 13 weeks ended July 28, 2012 and July 30, 2011, 1.1 million and 0.6 million shares, respectively, were attributable to outstanding stock-based awards that were excluded from the calculation of diluted earnings per common share because their inclusion would have been anti-dilutive.  For the 26 weeks ended July 28, 2012 and July 30, 2011, 1.0 million and 0.5 million shares, respectively, were attributable to outstanding stock-based awards that were excluded from the calculation of diluted earnings per common share because their inclusion would have been anti-dilutive.