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

NOTE 3 — Earnings Per Share

Earnings per common share has been computed as follows:

 

                                 
    Thirteen weeks ended     Twenty-six weeks ended  
    July 28,
2012
    July 30,
2011
    July 28,
2012
    July 30,
2011
 
    (in thousands, except per share data)  

Net income

  $ 9,090     $ 7,669     $ 20,693     $ 17,289  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average basic common shares outstanding

    24,420       24,415       24,458       24,394  

Impact of dilutive securities

    602       665       621       672  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average diluted common shares outstanding

    25,022       25,080       25,079       25,066  
         

Per common share:

                               

Basic income per common share

  $ 0.37     $ 0.31     $ 0.85     $ 0.71  

Diluted income per common share

  $ 0.36     $ 0.31     $ 0.83     $ 0.69  

Stock options to purchase 974,742 and 946,687 shares of common stock during the second quarter of 2012 and Year-to-date 2012, respectively, and 666,919 and 561,138 shares of common stock for the second quarter of 2011 and Year-to-date 2011, respectively, were outstanding, but were not included in the computation of weighted average diluted common share amounts as the effect of doing so would have been anti-dilutive.