Earnings Per Share

3 Months Ended

Oct. 27, 2012

Earnings Per Share [Abstract]

Earnings Per Share

6.           Earnings Per Share

The computation of basic earnings per share (EPS) is based on the number of weighted average common shares outstanding during the period.  The computation of diluted EPS is based on the weighted average number of shares outstanding plus the incremental shares that would be outstanding assuming exercise of dilutive stock options and issuance of restricted stock.  The number of incremental shares is calculated by applying the treasury stock method.  The following table sets forth the weighted average common shares outstanding (in thousands):

	Thirteen Weeks Ended		Thirty-Nine Weeks Ended
	October 27,	October 29,	October 27,	October 29,
	2012	2011	2012	2011
Weighted-average shares used in basic computations	26,125	26,748	26,234	27,154
Dilutive equity awards	488	518	504	527
Weighted-average shares used in diluted computations	26,613	27,266	26,738	27,681

For the thirteen and thirty-nine weeks ended October 27, 2012 and October 29, 2011, no options were excluded from the computation of diluted weighted-average common shares and common share equivalents outstanding because of an anti-dilutive effect.  We excluded 101,350 nonvested stock awards granted to certain employees from the computation of diluted weighted-average common shares and common share equivalents outstanding because they are subject to certain performance-based annual vesting conditions which had not been achieved by October 27, 2012.  Assuming the performance-criteria had been achieved as of October 27, 2012, the incremental dilutive impact would have been 48,313 shares.