Earnings per Share and Shareholders' Equity

3 Months Ended

May 02, 2015

Earnings Per Share [Abstract]

Earnings per Share and Shareholders' Equity

EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

Earnings per Share- Basic earnings per share is based on net income and a simple weighted average of common shares outstanding. Diluted earnings per share reflects the potential dilution of common shares adjusted for outstanding stock options, restricted stock units ("RSU") and performance-based restricted stock units ("PSU") calculated using the treasury stock method.

The following table is a reconciliation of the number of shares used in the calculation of diluted earnings per share computations for the periods presented:

	Three months ended
	May 2, 2015	May 3, 2014
	(in thousands)
Weighted average shares outstanding	88,524	90,824
Assumed exercise of dilutive stock options	860	1,062
Assumed exercise of dilutive RSUs and PSUs	240	221
Number of shares for computation of diluted earnings per share	89,624	92,107

Options, RSUs and PSUs- For the three months ended May 2, 2015 and May 3, 2014, the number of potential common shares that were not included in the computation of dilutive earnings per share because the effect would be anti-dilutive was approximately 1.2 million and 0.9 million, respectively.