XML 26 R16.htm IDEA: XBRL DOCUMENT v3.20.2
Earnings Per Share
9 Months Ended
Oct. 31, 2020
Earnings Per Share  
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 income per common share:

Thirteen Weeks Ended

Thirty-Nine Weeks Ended

October 31,

November 2,

October 31,

November 2,

    

2020

    

2019

    

2020

    

2019

Net income

$

30,482

$

10,493

$

61,813

$

10,532

Weighted-average shares of common stock outstanding:

Basic

43,609

43,230

43,490

43,126

Dilutive effect of common stock equivalents

901

329

770

190

Diluted

44,510

43,559

44,260

43,316

Basic earnings per share

$

0.70

$

0.24

$

1.42

$

0.24

Diluted earnings per share

$

0.68

$

0.24

$

1.40

$

0.24

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

4

16

25

42