Income Per Common Share

6 Months Ended

Aug. 03, 2019

(4)

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 exercised stock options as well as assumed vesting of 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
	August 3, 2019		August 4, 2018		August 3, 2019		August 4, 2018
Numerator:
Net income	$	28,831	$	25,063	$	54,493	$	46,867
Denominator:
Weighted average common shares outstanding - basic	55,950,733		55,730,621		55,930,313		55,671,729
Dilutive impact of options, restricted stock units and employee stock purchase plan	343,376		461,363		356,319		438,632
Weighted average common shares outstanding - diluted	56,294,109		56,191,984		56,286,632		56,110,361
Per common share:
Basic income per common share	$	0.52	$	0.45	$	0.97	$	0.84
Diluted income per common share	$	0.51	$	0.45	$	0.97	$	0.84

The effects of the assumed vesting of restricted stock units for 4,592 and 2,296 shares of common stock for the thirteen weeks ended and twenty-six weeks ended August 4, 2018, 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.