Net Income Per Common Share

6 Months Ended

Aug. 03, 2019

Note

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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, determined using the treasury stock method 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, 2019		July 28, 2018		August 3, 2019		July 28, 2018
Weighted Average Common Shares Outstanding – Basic		7,020,890		6,859,532		6,995,679		6,824,532
Effect of Dilutive Options, Restricted Stock Awards and Restricted Stock Units		350,312		222,976		313,862		174,946

Weighted Average Common Shares Outstanding – Diluted		7,371,202		7,082,508		7,309,541		6,999,478

For the three and six months ended August 3, 2019, the diluted per share amounts do not reflect common equivalent shares outstanding of 11,560 and 218,466

respectively. For the three and six months ended July 28, 2018, the diluted per share amounts do not reflect common equivalent shares outstanding of 273,275 and 340,575

respectively. These outstanding common equivalent shares were not included due to their anti-dilutive effect.