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Net Income Per Common Share
 9 Months Ended
Nov. 01, 2014
Earnings Per Share [Abstract]  
Net Income Per Common Share

(5) 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  
     November 1,
2014		      November 2,
2013		      November 1,
2014		      November 2,
2013		  

Weighted Average Common Shares Outstanding—Basic

      7,729,530         7,489,690         7,677,751         7,449,251   

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

      196,620         226,130         219,310         200,763   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted Average Common Shares Outstanding—Diluted

      7,926,150         7,715,820         7,897,061         7,650,014   
  

 

 

     

 

 

     

 

 

     

 

 

  

For the three and nine months ended November 1, 2014, the diluted per share amounts do not reflect common equivalent shares outstanding of 155,000. For the three and six months ended November 2, 2013, the diluted per share amounts do not reflect common equivalent shares outstanding of 131,600 and 172,100, 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.