11. 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 2018 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:

	July 29,		January 28,
	2018		2018

Restricted shares		22		16
Restricted stock units		14		19
		36		35

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				Twenty-Six Weeks Ended
	July 29,		July 30,		July 29,		July 30,
	2018		2017		2018		2017

Net income	$	8,693	$	7,778	$	15,850	$	12,524
Less: Unvested participating restricted stock dividends		3		3		5		6
Net earnings allocated to unvested participating restricted stock		16		16		24		27
Earnings available for common shareholders		8,674		7,759		15,821		12,491

Weighted average shares outstanding for basic earnings per share		11,760		11,565		11,755		11,554
Dilutive effect of unvested restricted stock and RSU awards		24		28		20		33
Weighted average shares outstanding for diluted earnings per share		11,784		11,593		11,775		11,587

Basic earnings per share	$	0.74	$	0.67	$	1.35	$	1.08

Diluted earnings per share	$	0.74	$	0.67	$	1.34	$	1.08