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Net Income Per Common Share
3 Months Ended
Apr. 28, 2012
Net Income Per Common Share [Abstract]  
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 and restricted stock units 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 28,
2012
     April 30,
2011
 

Weighted Average Common Shares Outstanding—Basic

     7,424,852         7,267,310   

Effect of Dilutive Options and Restricted Stock Units

     61,862         148,920   
  

 

 

    

 

 

 

Weighted Average Common Shares Outstanding—Diluted

     7,486,714         7,416,230   
  

 

 

    

 

 

 

For the three months ended April 28, 2012 and April 30, 2011, the diluted per share amounts do not reflect options and restricted stock units outstanding of 612,150 and 730,872, respectively, due to their anti-dilutive effect.