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Net Income Per Common Share
 9 Months Ended
Oct. 27, 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     Nine Months Ended  
    October 27,
2012		     October 29,
2011		     October 27,
2012		     October 29,
2011		  

Weighted Average Common Shares Outstanding – Basic

     7,379,094       7,339,639       7,414,273       7,300,167  

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

     82,864       81,196       72,315       122,620  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted Average Common Shares Outstanding – Diluted

     7,461,958       7,420,835       7,486,588       7,422,787  
   

 

 

    

 

 

    

 

 

    

 

 

  

For the three and nine months ended October 27, 2012, the diluted per share amounts do not reflect common equivalent shares outstanding of 595,394 and 654,194, respectively, because their effect would have been anti-dilutive. For the three and nine months ended October 29, 2011, the diluted per share amounts do not reflect options outstanding of 679,890 and 664,690, 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.