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Earnings Per Share
9 Months Ended
Oct. 29, 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

 

Thirty-Nine Weeks Ended

 

 

 

 

 

October 29,

 

 

October 31,

 

 

October 29,

 

 

October 31,

 

 

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

Net income

 

$

10,514

 

$

9,541

 

$

19,129

 

$

16,381

 

 

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

42,245

 

 

42,004

 

 

42,165

 

 

41,953

 

 

Dilutive effect of common stock equivalents

 

 

313

 

 

358

 

 

300

 

 

333

 

 

Diluted

 

 

42,558

 

 

42,362

 

 

42,465

 

 

42,286

 

 

Basic earnings per share

 

$

0.25

 

$

0.23

 

$

0.45

 

$

0.39

 

 

Diluted earnings per share

 

$

0.25

 

$

0.23

 

$

0.45

 

$

0.39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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