XML 21 R10.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Income Per Common Share
 6 Months Ended
Aug. 03, 2024
Earnings Per Share [Abstract]  
Income Per Common Share 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 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 EndedTwenty-Six Weeks Ended
 August 3, 2024July 29, 2023August 3, 2024July 29, 2023
Numerator:
Net income $33,000 $46,835 $64,467 $84,313 
Denominator:
Weighted average common shares outstanding - basic55,027,663 55,675,357 55,097,840 55,662,930 
Dilutive impact of options, restricted stock units and employee stock purchase plan14,925 126,150 51,053 126,393 
Weighted average common shares outstanding - diluted55,042,588 55,801,507 55,148,893 55,789,323 
Per common share:
Basic income per common share$0.60 $0.84 $1.17 $1.51 
Diluted income per common share$0.60 $0.84 $1.17 $1.51 
The effects of the assumed vesting of restricted stock units for 169,941 shares of common stock for the thirteen weeks ended August 3, 2024 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 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 90,272 shares of common stock for the twenty-six weeks ended August 3, 2024 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 aforementioned excluded shares do not reflect the impact of any incremental repurchases under the treasury stock method.