Income Per Common Share

9 Months Ended

Nov. 02, 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				Thirty-Nine Weeks Ended
	November 2, 2019		November 3, 2018		November 2, 2019		November 3, 2018
Numerator:
Net income	$	10,189	$	13,516	$	64,682	$	60,383
Denominator:
Weighted average common shares outstanding - basic	55,672,796		55,742,854		55,855,526		55,731,098
Dilutive impact of options, restricted stock units and employee stock purchase plan	346,940		485,451		353,192		454,207
Weighted average common shares outstanding - diluted	56,019,736		56,228,305		56,208,718		56,185,305
Per common share:
Basic income per common share	$	0.18	$	0.24	$	1.16	$	1.08
Diluted income per common share	$	0.18	$	0.24	$	1.15	$	1.07

The effects of the assumed vesting of restricted stock units for 2,303 and 768 shares of common stock for the thirteen weeks ended and thirty-nine weeks ended November 2, 2019, 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 vesting of restricted stock units for 1,322 and 1,971 shares of common stock for the thirteen weeks ended and thirty-nine weeks ended November 3, 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.