XML 38 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
8. Earnings Per Share
 9 Months Ended
Nov. 03, 2013
Earnings per share [Abstract]  
Earnings Per Share [Text Block]
8.           Earnings Per Share

We refer you to the Earnings Per Share disclosure in Note 1-Summary of Significant Accounting Policies, in the financial statements included in our 2013 Annual Report, for additional information concerning the calculation of earnings per share.

We have issued, under the Company’s Stock Incentive Plan, restricted stock awards to non-employee members of the board of directors since 2006 and restricted stock units (RSUs) to certain senior executives since fiscal 2012. Each RSU entitles the executive to receive one share of the Company’s common stock if the executive remains continuously employed with the Company through the end of a three-year service period. We expect to continue to grant these types of awards annually in the future. The following table sets forth the number of outstanding restricted stock awards and RSUs, net of forfeitures and vested shares, as of the fiscal period-end dates indicated:

   
November 3,
   
February 3,
 
   
2013
   
2013
 
             
Restricted shares
    28,614       29,063  
Restricted stock units
    32,353       32,353  
      60,967       61,416  

All restricted shares and RSUs awarded that have not yet vested are considered when computing diluted earnings per share.  The following table sets forth the computation of basic and diluted earnings per share:

   
Thirteen Weeks Ended
   
Thirty-Nine Weeks Ended
 
   
November 3,
   
October 28,
   
November 3,
   
October 28,
 
   
2013
   
2012
   
2013
   
2012
 
                         
Net income
  $ 2,116     $ 2,434     $ 5,930     $ 4,928  
Less: Unvested participating restricted stock dividends
    3       3       9       3  
Net earnings allocated to unvested participating restricted stock
    6       -       16       -  
Earnings available for common shareholders
    2,107       2,431       5,905       4,925  
                                 
Weighted average shares outstanding for basic earnings per share
    10,724       10,723       10,721       10,755  
Dilutive effect of unvested restricted stock and RSU awards
    29       19       27       32  
Weighted average shares outstanding for diluted earnings per share
    10,753       10,742       10,748       10,787  
                                 
Basic earnings per share
  $ 0.20     $ 0.23     $ 0.55     $ 0.46  
                                 
Diluted earnings per share
  $ 0.20     $ 0.23     $ 0.55     $ 0.46