Earnings Per Share

12 Months Ended

Feb. 01, 2020

EARNINGS PER SHAREThe 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 computation of basic and diluted earnings per share in thousands:


	Fiscal Year Ended
	February 1, 2020 (52 weeks)		February 2, 2019 (52 weeks)		February 3, 2018 (53 weeks)
Net income	$	27,344	$	28,421	$	35,030

Weighted average number of common shares outstanding	17,746		18,644		20,347
Dilutive stock options	11		3		5
Dilutive restricted stock units	200		179		98
Weighted average number of common shares outstanding and dilutive shares	17,957		18,826		20,450

Basic earnings per share	1.54		1.52		1.72
Diluted earnings per share	1.52		1.51		1.71

In calculating diluted earnings per share 148,821, 260,845 and 235,232 options to purchase shares of common stock outstanding as of the end of the period were excluded in the computations of diluted earnings per share due to their anti-dilutive effect in Fiscal 2020, Fiscal 2019 and Fiscal 2018, respectively.

We excluded 31,050 non-vested 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 performance-based annual vesting conditions which had not been achieved by the end of Fiscal 2020. Assuming the performance criteria had been achieved at target as of February 1, 2020, the incremental dilutive impact would have been 19,998 shares.