Earnings per Common Share

3 Months Ended

Apr. 30, 2011

Earnings Per Common Share [Abstract]

4. Earnings per Common Share

Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share is computed based on the weighted average number of shares of common stock, plus the effect of dilutive potential common shares outstanding during the period, using the treasury stock method. Dilutive potential common shares include outstanding stock options, restricted stock and warrants.

The computations for basic and diluted earnings per common share are as follows (in thousands, except per share data):


	13 Weeks Ended
	April 30,		May 1,
	2011		2010
Net income	$	37,498	$	26,209
Weighted average common shares outstanding (for basic calculation)		119,361		115,155
Dilutive effect of stock-based awards		6,006		5,232

Weighted average common shares outstanding (for diluted calculation)		125,367		120,387


Earnings per common share — basic	$	0.31	$	0.23
Earnings per common share — diluted	$	0.30	$	0.22

For the 13 weeks ended April 30, 2011 and May 1, 2010, 0.4 million and 4.3 million shares, respectively, were attributable to outstanding stock-based awards that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.