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9. Earnings Per Share
9 Months Ended
Nov. 01, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
9.
Earnings Per Share

We refer you to the discussion of Earnings Per Share in Note 1-Summary of Significant Accounting Policies, in the financial statements included in our 2015 Annual Report, for additional information concerning the calculation of earnings per share.

We have issued 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 under the Company’s Stock Incentive Plan. 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. Beginning in fiscal 2016, RSU grants to non-employee members of the board of directors have a one-year service period. The RSUs may be paid in shares of our common stock, cash or both at the discretion of the Compensation Committee of our board of directors. 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 1,
   
February 1,
 
   
2015
   
2015
 
             
Restricted shares
    25       27  
Restricted stock units
    20       25  
      45       52  

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 1,
   
November 2,
   
November 1,
   
November 2,
 
   
2015
   
2014
   
2015
   
2014
 
                         
Net income
  $ 4,630     $ 3,204     $ 12,040     $ 8,280  
   Less: Unvested participating restricted stock dividends
    2       3       8       8  
            Net earnings allocated to unvested participating restricted stock
    11       8       30       22  
Earnings available for common shareholders
    4,617       3,193       12,002       8,250  
                                 
Weighted average shares outstanding for basic earnings per share
    10,787       10,742       10,775       10,733  
Dilutive effect of unvested restricted stock and RSU awards
    22       29       27       33  
   Weighted average shares outstanding for diluted earnings per share
    10,809       10,771       10,802       10,766  
                                 
Basic earnings per share
  $ 0.43     $ 0.30     $ 1.11     $ 0.77  
                                 
Diluted earnings per share
  $ 0.43     $ 0.30     $ 1.11     $ 0.77