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Earnings per Share
6 Months Ended
Jul. 28, 2012
Earnings per Share [Abstract]  
Earnings per Share

(9) Earnings per Share

Basic earnings per share (“EPS”) is computed by dividing net income by the weighted-average number of shares of common stock outstanding for the period. The diluted EPS calculation includes the effect of contingently issuable stock-based compensation awards with performance vesting conditions as being outstanding at the beginning of the period in which all vesting conditions are met.

If all necessary conditions have not been satisfied by the end of the period, the contingently issuable shares included in diluted EPS are based on the number of dilutive shares that would be issuable at the end of the contingency period. Contingently-issuable non-vested share awards are included in the diluted EPS calculation as of the beginning of the period (or as of the date of the contingent share agreement, if later).

The reconciliation of basic and diluted shares for the three and six months ended July 28, 2012 and July 30, 2011, are as follows:

 

                                 
    Three Months Ended     Six Months Ended  
    July 28,
2012
    July 30,
2011
    July 28,
2012
    July 30,
2011
 

Basic Shares

    43,342,305       45,179,482       44,180,342       45,795,534  

Dilutive contingently-issuable non-vested share awards

    138,238       162,893       217,598       214,928  

Dilutive contingently-issuable vested share awards

    1,296       6,899       3,808       5,901  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted Shares

    43,481,839       45,349,274       44,401,748       46,016,363