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Net Income Per Common Share
 6 Months Ended
Aug. 03, 2013
Earnings Per 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  
     August 3,
2013		      July 28,
2012		      August 3,
2013		      July 28,
2012		  

Weighted Average Common Shares Outstanding—Basic

      7,457,652         7,439,225         7,429,253         7,432,158   

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

      197,332        51,935         187,565        56,827   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted Average Common Shares Outstanding—Diluted

      7,654,984         7,491,160         7,616,818         7,488,985   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

For the three and six months ended August 3, 2013, the diluted per share amounts do not reflect common equivalent shares outstanding of 173,300 because their effect would have been anti-dilutive. 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. 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.