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Earnings Per Share
 6 Months Ended
Aug. 02, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

(11) Earnings Per Share

Basic earnings per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding, reduced by the number of shares repurchased and held in treasury, during the period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of outstanding share option awards, nonvested share awards and nonvested share unit awards.

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

 

August 2,

 

 

August 3,

 

 

August 2,

 

 

August 3,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Net income

$

5,063

 

 

$

7,656

 

 

$

1,695

 

 

$

12,115

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

41,768

 

 

 

33,229

 

 

 

38,105

 

 

 

33,229

 

Dilutive effect of common stock equivalents

 

198

 

 

 

—

 

 

 

210

 

 

 

—

 

Diluted

 

41,966

 

 

 

33,229

 

 

 

38,315

 

 

 

33,229

 

Basic earnings per share

$

0.12

 

 

$

0.23

 

 

$

0.04

 

 

$

0.36

 

Diluted earnings per share

$

0.12

 

 

$

0.23

 

 

$

0.04

 

 

$

0.36

 

 

For the 13 and 26 weeks ended August 3, 2013, basic net income per share was the same as diluted net income per share because there were no outstanding potentially dilutive securities.