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Earnings Per Share
 12 Months Ended
Feb. 01, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

 
For the Year Ended
February 1, 2014
 
For the Year Ended
February 2, 2013
 
For the Year Ended
January 28, 2012
(In thousands, except
per share amounts)
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per-Share
Amount
Earnings from continuing operations
$
92,982

 
 
 
 
 
$
112,897

 
 
 
 
 
$
93,451

 
 
 
 
Less: Preferred stock dividends and income from participating securities
(33
)
 
 
 
 
 
(147
)
 
 
 
 
 
(3,338
)
 
 
 
 
Basic EPS from continuing operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations available to common shareholders
92,949

 
23,297

 
$
3.99

 
112,750

 
23,584

 
$
4.78

 
90,113

 
23,179

 
$
3.89

Effect of Dilutive Securities from continuing operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Plus: Income from participating securities
—

 
 
 
 
 
—

 
 
 
 
 
43

 
 
 
 
Options and restricted stock
 
 
272

 
 
 
 
 
372

 
 
 
 
 
283

 
 
Convertible
preferred
stock(1)
—

 
—

 
 
 
88

 
34

 
 
 
141

 
55

 
 
Employees’
preferred
stock(2)
 
 
46

 
 
 
 
 
47

 
 
 
 
 
48

 
 
Diluted EPS from continuing operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations available to common shareholders plus assumed conversions
$
92,949

 
23,615

 
$
3.94

 
$
112,838

 
24,037

 
$
4.69

 
$
90,297

 
23,565

 
$
3.83


(1)
As a result of the Company issuing a notice of mandatory redemption to the holders of Series 1, 3 and 4 preferred stock in the first quarter of Fiscal 2014, there were no remaining convertible preferred stock of that series outstanding as of February 1, 2014. Therefore, convertible preferred stocks were not included in diluted earnings per share for Fiscal 2014. 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 1, 3 and 4 preferred stocks for Fiscal 2013 and 2012. Therefore, conversion of these convertible preferred stocks were included in diluted earnings per share for Fiscal 2013 and 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.

All outstanding options to purchase shares of common stock at the end of Fiscal 2014, 2013 and 2012 were included in the computation of diluted earnings per share because the options’ exercise prices were less than the average market price of the common shares.

The weighted shares outstanding reflects the effect of stock buy back programs. The Company repurchased 337,665 shares at a cost of $20.7 million during Fiscal 2014. The Company has $65.5 million remaining under its current $75.0 million share repurchase authorization. The Company repurchased 645,904 shares at a cost of $37.7 million during Fiscal 2013. The Company did not repurchase any shares during Fiscal 2012.