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Earnings Per Share

6 Months Ended

Aug. 01, 2020

(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 income per common share:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
		August 1,		August 3,		August 1,		August 3,
		2020		2019		2020		2019
Net income	$	32,461	$	5,498	$	31,331	$	39
Weighted-average shares of common stock outstanding:
Basic		43,537		43,130		43,430		43,065
Dilutive effect of common stock equivalents		831		25		668		25
Diluted		44,368		43,155		44,098		43,090
Basic earnings per share	$	0.75	$	0.13	$	0.72	$	0.00
Diluted earnings per share	$	0.73	$	0.13	$	0.71	$	0.00
Restricted stock units considered anti-dilutive and excluded in the calculation		7		135		33		36