Earnings Per Share

3 Months Ended

May 03, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

	For the Three Months Ended					For the Three Months Ended
	May 3, 2014					May 4, 2013
(In thousands, except      per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)			Shares (Denominator)	Per Share Amount
Earnings from continuing operations	$	14,098				$	14,509
Less: Preferred stock dividends	—					(33		)
Basic EPS from continuing operations
Income available to
common shareholders	14,098		23,369	$	0.60	14,476			23,295	$	0.62
Effect of Dilutive Securities from continuing operations
Options			277						390
Employees' preferred stock(1)			46						47
Diluted EPS from continuing operations
Income available to common
shareholders plus assumed
conversions	$	14,098	23,692	$	0.60	$	14,476		23,732	$	0.61

(1) The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because no dividends are paid on this stock, these shares are assumed to be converted in the diluted earnings per share calculations for the first quarters ended May 3, 2014 and May 4, 2013.

The Company did not repurchase any shares during the three months ended May 3, 2014. The Company repurchased 189,300 shares of common stock during the three months ended May 4, 2013 for $11.2 million of which $2.6 million was not paid in the first quarter last year but included in other accrued liabilities in the Condensed Consolidated Balance Sheets. The Company has $65.5 million remaining under its current $75.0 million share repurchase authorization.