Income (Loss) Per Common Share

6 Months Ended

Jul. 30, 2016

Income Per Common Share

Basic income per common share amounts are calculated using the weighted-average number of common shares outstanding for the period. Diluted income per common share amounts are calculated using the weighted-average number of common shares outstanding for the period and include the dilutive impact of exercise of stock options as well as assumed lapse of restrictions on restricted stock awards and shares currently available for purchase under the Company's Employee Stock Purchase Plan, using the treasury stock method. Performance-based restricted stock units are considered contingently issuable shares for diluted income per common share purposes and the dilutive impact, if any, is not included in the weighted-average shares until the performance conditions are met.

The following table reconciles net income and the weighted average common shares outstanding used in the computations of basic and diluted income per common share (in thousands, except for share and per share data):



	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 30, 2016		August 1, 2015		July 30, 2016		August 1, 2015
Numerator:
Net income	$	9,847	$	7,061	$	16,605	$	11,339
Denominator:
Weighted average common shares outstanding - basic	54,795,750		54,501,257		54,756,580		54,474,946
Dilutive impact of options, restricted stock units and employee stock purchase plan	282,004		284,835		282,624		276,674
Weighted average common shares outstanding - diluted	55,077,754		54,786,092		55,039,204		54,751,620
Per common share:
Basic income per common share	$	0.18	$	0.13	$	0.30	$	0.21
Diluted income per common share	$	0.18	$	0.13	$	0.30	$	0.21

The effects of the assumed exercise of stock options for 67,179 and 263,283 shares of common stock for the thirteen and twenty-six weeks ended July 30, 2016, respectively, were excluded from the calculation of diluted net income per share as their impact would have been anti-dilutive.

The effects of the assumed exercise of restricted stock units for 4,127 and 2,064 shares of common stock for the thirteen and twenty-six weeks ended July 30, 2016, respectively, were excluded from the calculation of diluted net income per share as their impact would have been anti-dilutive.

The effects of the assumed exercise of stock options for 718,633 and 703,829 shares of common stock for the thirteen and twenty-six weeks ended August 1, 2015, respectively, were excluded from the calculation of diluted net income per share as their impact would have been anti-dilutive.

The aforementioned excluded shares do not reflect the impact of any incremental repurchases under the treasury stock method.