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Earnings Per Share
6 Months Ended
Jul. 31, 2021
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 income per common share:

Thirteen Weeks Ended

Twenty-Six Weeks Ended

July 31,

August 1,

July 31,

August 1,

    

2021

    

2020

    

2021

    

2020

Net income

$

17,723

$

32,461

$

28,173

$

31,331

Weighted-average shares of common stock outstanding:

Basic

43,860

43,537

43,775

43,430

Dilutive effect of common stock equivalents

856

831

825

668

Diluted

44,716

44,368

44,600

44,098

Basic earnings per share

$

0.40

$

0.75

$

0.64

$

0.72

Diluted earnings per share

$

0.40

$

0.73

$

0.63

$

0.71

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

2

7

5

33