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Income Per Common Share | 6 Months Ended
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Jul. 29, 2023
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 Ended |  | Twenty-Six Weeks Ended |  |  |  |
| July 29, 2023 |  | July 30, 2022 |  | July 29, 2023 |  | July 30, 2022 |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 46,835 |  |  | $ | 41,344 |  |  | $ | 84,313 |  |  | $ | 74,062 |  |  |  |  |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding - basic | 55,675,357 |  |  | 55,498,471 |  |  | 55,662,930 |  |  | 55,572,425 |  |  |  |  |  |  |  |  |
Dilutive impact of options, restricted stock units and employee stock purchase plan | 126,150 |  |  | 147,568 |  |  | 126,393 |  |  | 167,327 |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding - diluted | 55,801,507 |  |  | 55,646,039 |  |  | 55,789,323 |  |  | 55,739,752 |  |  |  |  |  |  |  |  |
Per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic income per common share | $ | 0.84 |  |  | $ | 0.74 |  |  | $ | 1.51 |  |  | $ | 1.33 |  |  |  |  |  |  |  |  |
Diluted income per common share | $ | 0.84 |  |  | $ | 0.74 |  |  | $ | 1.51 |  |  | $ | 1.33 |  |  |  |  |  |  |  |  |
The effects of the assumed vesting of restricted stock units for 464 shares of common stock for the thirteen weeks ended July 29, 2023 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 188,656 shares of common stock for the thirteen weeks ended July 30, 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 9,485 shares of common stock for the twenty-six weeks ended July 29, 2023 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 103,553 shares of common stock for the twenty-six weeks ended July 30, 2022 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.

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