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Earnings Per Share
 9 Months Ended
Oct. 30, 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.

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The following table sets forth the computation of basic and diluted income per common share:

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Thirteen Weeks Ended

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Thirty-Nine Weeks Ended

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October 30,

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October 31,

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October 30,

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October 31,

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2021

    

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2020

    

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2021

    

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2020

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Net income

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$

21,863

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$

30,482

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$

50,036

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$

61,813

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Weighted-average shares of common stock outstanding:

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Basic

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43,878

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43,609

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43,809

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43,490

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Dilutive effect of common stock equivalents

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704

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901

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662

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770

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Diluted

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44,582

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44,510

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44,471

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44,260

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Basic earnings per share

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$

0.50

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$

0.70

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$

1.14

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$

1.42

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Diluted earnings per share

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$

0.49

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$

0.68

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$

1.13

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$

1.40

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

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8

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4

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26

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25

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