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12. Earnings Per Share
 3 Months Ended
May. 01, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
12.   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 2016 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 an 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. 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:

   
May 1,
   
January 31,
 
   
2016
   
2016
 
             
Restricted shares
   
30
     
25
 
Restricted stock units
   
20
     
13
 
     
50
     
38
 

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
 
   
May 1,
   
May 3,
 
   
2016
   
2015
 
             
Net income
 
$
2,500
   
$
3,472
 
   Less: Unvested participating restricted stock dividends
   
3
     
3
 
            Net earnings allocated to unvested participating restricted stock
   
6
     
9
 
Earnings available for common shareholders
   
2,491
     
3,460
 
                 
Weighted average shares outstanding for basic earnings per share
   
11,515
     
10,756
 
Dilutive effect of unvested restricted stock and RSU awards
   
25
     
25
 
   Weighted average shares outstanding for diluted earnings per share
   
11,540
     
10,781
 
                 
Basic earnings per share
 
$
0.22
   
$
0.32
 
                 
Diluted earnings per share
 
$
0.22
   
$
0.32
 

The increase in the number of shares is primarily due to the issuance of 716,910 shares of our common stock as a result of the Home Meridian acquisition on February 1, 2016.