Income (Loss) Per Common Share

9 Months Ended

Oct. 29, 2016

Income Per Common Share

Basic income per common share amounts are calculated using the weighted-average number of common shares outstanding for the period. Diluted income per common share amounts are calculated using the weighted-average number of common shares outstanding for the period and include the dilutive impact of exercise of stock options as well as assumed lapse of restrictions on restricted stock awards and shares currently available for purchase under the Company's Employee Stock Purchase Plan, using the treasury stock method. Performance-based restricted stock units are considered contingently issuable shares for diluted income per common share purposes and the dilutive impact, if any, is not included in the weighted-average shares until the performance conditions are met.

The following table reconciles net income and the weighted average common shares outstanding used in the computations of basic and diluted income per common share (in thousands, except for share and per share data):



	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	October 29, 2016		October 31, 2015		October 29, 2016		October 31, 2015
Numerator:
Net income	$	5,447	$	4,337	$	22,052	$	15,676
Denominator:
Weighted average common shares outstanding - basic	54,871,172		54,529,403		54,809,768		54,525,797
Dilutive impact of options, restricted stock units and employee stock purchase plan	299,514		303,849		290,766		286,181
Weighted average common shares outstanding - diluted	55,170,686		54,833,252		55,100,534		54,811,978
Per common share:
Basic income per common share	$	0.10	$	0.08	$	0.40	$	0.29
Diluted income per common share	$	0.10	$	0.08	$	0.40	$	0.29

The effects of the assumed exercise of stock options for 61,611 and 196,042 shares of common stock for the thirteen and thirty-nine weeks ended October 29, 2016, respectively, were excluded from the calculation of diluted net income per share as their impact would have been anti-dilutive.

The effects of the assumed exercise of restricted stock units for 1,376 shares of common stock for the thirty-nine weeks ended October 29, 2016 were excluded from the calculation of diluted net income per share as their impact would have been anti-dilutive.

The effects of the assumed exercise of stock options for 710,383 and 705,943 shares of common stock for the thirteen and thirty-nine weeks ended October 31, 2015, respectively, were excluded from the calculation of diluted net income per share as their impact would have been anti-dilutive.

The aforementioned excluded shares do not reflect the impact of any incremental repurchases under the treasury stock method.