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Earnings Per Share
 6 Months Ended
Aug. 01, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

(9) 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 loss per common share:

 

13 Weeks Ended

 

 

26 Weeks Ended

 

 

August 1,

 

 

August 2,

 

 

August 1,

 

 

August 2,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net income

$

8,200

 

 

$

5,063

 

 

$

6,840

 

 

$

1,695

 

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

42,004

 

 

 

41,768

 

 

 

41,927

 

 

 

38,105

 

Dilutive effect of common stock equivalents

 

332

 

 

 

198

 

 

 

315

 

 

 

210

 

Diluted

 

42,336

 

 

 

41,966

 

 

 

42,242

 

 

 

38,315

 

Basic earnings per share

$

0.20

 

 

$

0.12

 

 

$

0.16

 

 

$

0.04

 

Diluted earnings per share

$

0.19

 

 

$

0.12

 

 

$

0.16

 

 

$

0.04

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units considered anti-dilutive and excluded in the calculation

 

22

 

 

 

—

 

 

 

22

 

 

 

—