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 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:

	October 28,		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				Thirty-Nine Weeks Ended
	October 28,		October 29,		October 28,		October 29,
	2018		2017		2018		2017

Net income	$	9,332	$	7,202	$	25,181	$	19,726
Less: Unvested participating restricted stock dividends		3		2		8		8
Net earnings allocated to unvested participating restricted stock		17		10		41		37
Earnings available for common shareholders		9,312		7,190		25,132		19,681

Weighted average shares outstanding for basic earnings per share		11,763		11,679		11,758		11,596
Dilutive effect of unvested restricted stock and RSU awards		15		21		20		30
Weighted average shares outstanding for diluted earnings per share		11,778		11,700		11,778		11,626

Basic earnings per share	$	0.79	$	0.62	$	2.14	$	1.70

Diluted earnings per share	$	0.79	$	0.61	$	2.13	$	1.69