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Earnings Per Share
 9 Months Ended
Oct. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

(10) 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

 

 

39 Weeks Ended

 

 

October 31,

 

 

November 1,

 

 

October 31,

 

 

November 1,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net income

$

9,541

 

 

$

8,916

 

 

$

16,381

 

 

$

10,611

 

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

42,004

 

 

 

41,818

 

 

 

41,953

 

 

 

39,342

 

Dilutive effect of common stock equivalents

 

358

 

 

 

113

 

 

 

333

 

 

 

211

 

Diluted

 

42,362

 

 

 

41,931

 

 

 

42,286

 

 

 

39,553

 

Basic earnings per share

$

0.23

 

 

$

0.21

 

 

$

0.39

 

 

$

0.27

 

Diluted earnings per share

$

0.23

 

 

$

0.21

 

 

$

0.39

 

 

$

0.27