XML 20 R10.htm IDEA: XBRL DOCUMENT v3.22.2.2
Income Per Common Share
9 Months Ended
Oct. 29, 2022
Earnings Per Share [Abstract]  
Income Per Common Share Income Per Common ShareBasic 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 dilutive impact, if any, for performance-based restricted stock units, which are subject to market conditions based on the Company's total shareholder return relative to a pre-defined peer group, are included in the weighted average shares.
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 EndedThirty-Nine Weeks Ended
 October 29, 2022October 30, 2021October 29, 2022October 30, 2021
Numerator:
Net income $16,146 $24,177 $90,208 $138,614 
Denominator:
Weighted average common shares outstanding - basic55,509,525 56,023,961 55,551,382 56,001,437 
Dilutive impact of options, restricted stock units and employee stock purchase plan174,084 316,674 169,410 304,019 
Weighted average common shares outstanding - diluted55,683,609 56,340,635 55,720,792 56,305,456 
Per common share:
Basic income per common share$0.29 $0.43 $1.62 $2.48 
Diluted income per common share$0.29 $0.43 $1.62 $2.46 
The effects of the assumed vesting of restricted stock units for 54,833 shares of common stock for the thirteen weeks ended October 29, 2022 were excluded from the calculation of diluted income per share, as their impact would have been anti-dilutive.
The effects of the assumed vesting of restricted stock units for 69 shares of common stock for the thirteen weeks ended October 30, 2021 were excluded from the calculation of diluted income per share, as their impact would have been anti-dilutive.
The effects of the assumed vesting of restricted stock units for 87,225 shares of common stock for the thirty-nine weeks ended October 29, 2022 were excluded from the calculation of diluted income per share, as their impact would have been anti-dilutive.
The effects of the assumed vesting of restricted stock units for 7,775 shares of common stock for the thirty-nine weeks ended October 30, 2021 were excluded from the calculation of diluted 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.