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Earnings Per Common Share
 6 Months Ended
Aug. 02, 2014
Earnings Per Share [Abstract]  
Earnings Per Common Share
Earnings Per Common Share
 
Basic earnings per common 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
 
26 Weeks Ended
 
 
August 2,
2014
 
August 3,
2013
 
August 2,
2014
 
August 3,
2013
Net income
 
$
69,467

 
$
84,163

 
$
139,450

 
$
148,984

 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
 
119,950

 
122,901

 
120,544

 
122,802

Dilutive effect of stock-based awards
 
1,890

 
2,692

 
2,056

 
2,926

Weighted average common shares outstanding - diluted
 
121,840

 
125,593

 
122,600

 
125,728

 
 
 
 
 
 
 
 
 
Earnings per common share - basic
 
$
0.58

 
$
0.68

 
$
1.16

 
$
1.21

Earnings per common share - diluted
 
$
0.57

 
$
0.67

 
$
1.14

 
$
1.18

 
 
 
 
 
 
 
 
 
Anti-dilutive stock-based awards excluded from diluted calculation
 
1,903

 
1,095

 
1,438

 
922