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Net Income Per Common Share
 6 Months Ended
Jul. 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, restricted stock awards 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     Six Months Ended  
    July 28,
2012		     July 30,
2011		     July 28,
2012		     July 30,
2011		  

Weighted Average Common Shares Outstanding – Basic

     7,439,225       7,292,986       7,432,158       7,280,211  

Effect of Dilutive Options, Restricted Stock Awards and Restricted Stock Units

     51,935       152,550       56,827       143,328  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted Average Common Shares Outstanding – Diluted

     7,491,160       7,445,536       7,488,985       7,423,539  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

For the three and six months ended July 28, 2012, the diluted per share amounts do not reflect common equivalent shares outstanding of 605,844 because their effect would have been anti-dilutive. For the three and six months ended July 30, 2011, the diluted per share amounts do not reflect options outstanding of 615,769 and 736,590, respectively. These outstanding options were not included due to their anti-dilutive effect, as the exercise price was greater than the average market price of the underlying stock during the period presented.