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Earnings Per Share
6 Months Ended
Jul. 30, 2016
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 earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thirteen Weeks Ended

 

Twenty-Six Weeks Ended

 

 

 

 

 

July 30,

 

 

August 1,

 

 

July 30,

 

 

August 1,

 

 

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

Net income

 

$

8,304

 

$

8,200

 

$

8,615

 

$

6,840

 

 

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

42,217

 

 

42,004

 

 

42,125

 

 

41,927

 

 

Dilutive effect of common stock equivalents

 

 

273

 

 

332

 

 

281

 

 

315

 

 

Diluted

 

 

42,490

 

 

42,336

 

 

42,406

 

 

42,242

 

 

Basic earnings per share

 

$

0.20

 

$

0.20

 

$

0.20

 

$

0.16

 

 

Diluted earnings per share

 

$

0.20

 

$

0.19

 

$

0.20

 

$

0.16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

321

 

 

22

 

 

321

 

 

22