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Earnings Per Share
 9 Months Ended
Oct. 28, 2017
Earnings Per Share  
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 28,

 

 

October 29,

 

 

October 28,

 

 

October 29,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

Net income

 

$

9,808

 

$

10,514

 

$

11,855

 

$

19,129

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

42,576

 

 

42,245

 

 

42,464

 

 

42,165

Dilutive effect of common stock equivalents

 

 

35

 

 

313

 

 

37

 

 

300

Diluted

 

 

42,611

 

 

42,558

 

 

42,501

 

 

42,465

Basic Earnings per share

 

$

0.23

 

$

0.25

 

$

0.28

 

$

0.45

Diluted Earnings per share

 

$

0.23

 

$

0.25

 

$

0.28

 

$

0.45

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

 

 

222

 

 

 —

 

 

233

 

 

 —