Earnings Per Share (Tables)

3 Months Ended

Jul. 28, 2012

Summary of Basic and Diluted Earnings per share



	For the Six Months Ended						For the Six Months Ended
	July 28, 2012						July 30, 2011
(In thousands, except per share amounts)	Income (Numerator)			Shares (Denominator)	Per Share Amount		Income (Numerator)			Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	31,352					$	15,325

Less: Preferred stock dividends	(81		)				(98		)

Basic EPS from continuing operations
Income available to
common shareholders	31,271			23,687	$	1.32	15,227			23,033	$	0.66

Effect of Dilutive Securities from continuing operations
Options				415						506
Convertible preferred stock(1)	21			18			—			—
Employees' preferred stock(2)				48						49

Diluted EPS
Income available to common
shareholders plus assumed
conversions	$	31,292		24,168	$	1.29	$	15,227		23,588	$	0.65

(1)

The amount of the dividend on the convertible preferred stock per common share obtainable on conversion of the convertible preferred stock was less than basic earnings per share for Series 3 preferred stock for the six months ended July 28, 2012. Therefore, conversion of Series 3 preferred shares was included in diluted earnings per share for the six months ended July 28, 2012. The amount of the dividend on the convertible preferred stock per common share obtainable on conversion of the convertible preferred stock was higher than basic earnings per share for Series 1 and 4 preferred stock for the six months ended July 28, 2012 and for all preferred stocks for the six months ended July 30, 2011. Therefore, conversion of the Series 1 and 4 convertible preferred stocks for the six months ended July 28, 2012 and all preferred stocks for the six months ended July 30, 2011 were not reflected in diluted earnings per share because it would have been antidilutive. The shares convertible to common stock for Series 1, 3 and 4 preferred stock would have been 13,502, 18,198 and 4,920, respectively, as of July 28, 2012.


(2)	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because there are no dividends paid on this stock, these shares are assumed to be converted for the six months ended July 28, 2012 and July 30, 2011.



	For the Three Months Ended						For the Three Months Ended
	July 28, 2012						July 30, 2011
(In thousands, except per share amounts)	Income (Numerator)			Shares (Denominator)	Per Share Amount		Income (Numerator)			Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	10,561					$	350

Less: Preferred stock dividends	(35		)				(49		)

Basic EPS from continuing operations
Income available to
common shareholders	10,526			23,778	$	0.44	301			23,126	$	.01

Effect of Dilutive Securities from continuing operations
Options				297						460
Convertible preferred stock⁽¹⁾	—			—			—			—
Employees' preferred stock⁽²⁾				48						49

Diluted EPS
Income available to common
shareholders plus assumed
conversions	$	10,526		24,123	$	0.44	$	301		23,635	$	.01