Earnings Per Share

12 Months Ended

Jan. 30, 2016



	For the Year Ended January 30, 2016					For the Year Ended January 31, 2015					For the Year Ended February 1, 2014
(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	$	95,381				$	99,373				$	92,982
Less: Preferred stock dividends and income from participating securities	—					—					(33		)
Basic EPS from continuing operations
Income from continuing operations available to common shareholders	95,381		22,880	$	4.17	99,373		23,507	$	4.23	92,949			23,297	$	3.99
Effect of Dilutive Securities from continuing operations
Options and restricted stock			76					155						272
Employees’ preferred stock⁽¹⁾			44					46						46
Diluted EPS from continuing operations
Income from continuing operations available to common shareholders plus assumed conversions	$	95,381	23,000	$	4.15	$	99,373	23,708	$	4.19	$	92,949		23,615	$	3.94


(1)	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 2016, 2015 and 2014 were included in the computation of diluted earnings per share because the impact of doing so was dilutive.

The weighted shares outstanding reflects the effect of the Company's Board-approved share repurchase program. The Company repurchased 2,383,384 shares at a cost of $144.9 million during Fiscal 2016, of which $7.2 million was not paid in the fourth quarter but included in other accrued liabilities in the Consolidated Balance Sheets. The Company has repurchased 663,200 shares in the first quarter of Fiscal 2017, through March 29, 2016, at a cost of $43.2 million. The Company has $40.9 million remaining as of March 29, 2016 under its current $100.0 million share repurchase authorization. The Company repurchased 64,709 shares at a cost of $4.6 million during Fiscal 2015. The Company repurchased 337,665 shares at a cost of $20.7 million during Fiscal 2014.