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Earnings Per Share
 3 Months Ended
May 02, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

Note 8. Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding for the period. Except when the effect would be anti-dilutive, diluted earnings per share is calculated based on the weighted average number of outstanding shares of common stock plus the dilutive effect of share-based awards calculated under the treasury stock method. The following is a reconciliation of basic shares to diluted shares:  

 

 

 

Three Months Ended

 

 

 

May 2,

 

 

May 3,

 

 

 

2015

 

 

2014

 

Weighted-average shares—basic

 

 

36,753,114

 

 

 

36,723,727

 

Effect of dilutive equity securities

 

 

1,218,498

 

 

 

1,347,321

 

Weighted-average shares—diluted

 

 

37,971,612

 

 

 

38,071,048

 

 

For the three months ended May 2, 2015, 543,530 options to purchase common stock were excluded from the computation of weighted average shares for diluted earnings per share since the related exercise prices exceeded the average market price of the Company’s common stock and such inclusion would be anti-dilutive.