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Net Income Per Common Share
 3 Months Ended
May 02, 2015
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 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  
     May 2,
2015		      May 3,
2014		  

Weighted Average Common Shares Outstanding—Basic

      7,280,246         7,600,780   

Effect of Dilutive Options and Restricted Stock Units

      173,936         247,520   
  

 

 

     

 

 

  

Weighted Average Common Shares Outstanding—Diluted

   7,454,182      7,848,300   
  

 

 

     

 

 

  

For the three months ended May 2, 2015 and May 3, 2014 the diluted per share amounts do not reflect common equivalent shares outstanding of 76,200 and 75,600, respectively, because their effect would have been anti-dilutive, as the exercise price was greater than the average market price of the underlying stock during the period presented.