Earnings per Share (Tables)

3 Months Ended

Apr. 29, 2017

Reconciliation of Number of Shares Outstanding for Basic and Diluted Earnings Per Share

The following table provides a reconciliation of the number of shares outstanding for basic and diluted earnings per share:

	For the three months ended
	April 29, 2017		April 30, 2016
(in thousands)
Common Stock Outstanding:
Basic weighted average common shares outstanding		49,735		49,513
Common stock equivalents – stock options and restricted stock ⁽¹⁾		—		367
Diluted weighted average common shares outstanding		49,735		49,880

(1)

Common stock equivalents of 73 shares for the three months ended April 29, 2017 were excluded due to the net loss.

Potential Common Stock Equivalents Excluded from Computation of Diluted Earnings Per Share

The following potential common stock equivalents were excluded from the computation of diluted earnings per share in each period because the exercise price of such options was greater than the average market price per share of common stock for the respective periods or because of the unearned compensation associated with either stock options, restricted stock units, restricted or deferred stock had an anti-dilutive effect.

	For the three months ended
	April 29, 2017		April 30, 2016
(in thousands, except exercise prices)
Stock Options (time-vested)		1,377		1,244
Restricted Stock Units (time-vested)		1,086		423
Restricted and Deferred Stock		477		—
Range of exercise prices of such options	$3.20 - $7.52		$4.91 - $7.52