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Net Income Per Common Share

3 Months Ended

Apr. 30, 2011

Net Income Per Common Share

Net Income Per Common Share

(4) Net Income Per Common Share

Basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding during the period. Diluted net income per share is calculated by dividing net income by the weighted average number of shares and, if dilutive, common equivalent shares for stock options outstanding during the period. A reconciliation of the shares used in calculating basic and diluted net income per share is as follows:

		Three Months Ended
		April 30, 2011				May 1, 2010
Weighted Average Common Shares Outstanding—Basic			7,267,310				7,194,296
Effect of Dilutive Options			148,920				280,577
Weighted Average Common Shares Outstanding—Diluted			7,416,230				7,474,873

For the three months ended April 30, 2011 and May 1, 2010, the diluted per share amounts do not reflect options outstanding of 730,872 and 632,897, respectively, due to their anti-dilutive effect, as the exercise price of the options was greater than the average market price of the underlying stock during the periods presented.

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- Definition

This element may be used to capture the complete disclosure pertaining to an entity's earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40

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