Earnings Per Share

6 Months Ended

Jul. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

4. Earnings Per Share

The weighted-average shares used to calculate basic and diluted net income per share for the thirteen and twenty-six weeks ended July 31, 2010 have been retroactively adjusted based on the Reorganization (see Note 1).

The following table provides a reconciliation between basic and diluted net income per share:

	Thirteen Weeks Ended July 30, 2011					Thirteen Weeks Ended July 31, 2010
(in thousands, except per share amounts)	Net Income		Weighted Average Shares	Per Share Amount		Net Income		Weighted Average Shares	Per Share Amount
Basic EPS	$	12,620	88,583	$	0.14	$	22,114	88,254	$	0.25
Effect of dilutive securities:
Restricted shares, restricted stock units, and stock options	—		277	—		—		440	—
Diluted EPS	$	12,620	88,860	$	0.14	$	22,114	88,694	$	0.25

	Twenty-Six Weeks Ended July 30, 2011					Twenty-Six Weeks Ended July 31, 2010
(in thousands, except per share amounts)	Net Income		Weighted Average Shares	Per Share Amount		Net Income		Weighted Average Shares	Per Share Amount
Basic EPS	$	47,633	88,538	$	0.54	$	52,675	82,362	$	0.64
Effect of dilutive securities:
Restricted shares, restricted stock units, and stock options	—		267	—		—		1,056	(0.01		)
Diluted EPS	$	47,633	88,805	$	0.54	$	52,675	83,418	$	0.63

Stock options and restricted stock units to purchase 2.4 million and 2.3 million shares of common stock were not included in the computation of diluted EPS for the thirteen and twenty-six weeks ended July 30, 2011, respectively, as to do so would have been anti-dilutive. Stock options to purchase 1.3 million shares of common stock were not included in the computation for the thirteen and twenty-six weeks ended July 31, 2010, as to do so would have been anti-dilutive.