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Earnings Per Share (Tables)
3 Months Ended
May 04, 2019
Earnings Per Share [Abstract]  
Summary of basic and diluted earnings per share

For the Three Months Ended

For the Three Months Ended

May 4, 2019

May 5, 2018
(In thousands, except
     per share amounts)
Income
(Numerator)

Shares
(Denominator)

Per Share
Amount

Income
(Numerator)

Shares
(Denominator)

Per Share
Amount












Earnings from continuing operations
$
6,470

 
 
 
 
 
$
1,856

















Basic EPS from continuing operations











Income available to common











shareholders
6,470


17,645

 
$0.37

1,856


19,278


$0.10









 


Effect of Dilutive Securities from
continuing operations








 


Dilutive share-based awards


171






140



Employees' preferred stock(1)


34






37















Diluted EPS from continuing operations











Income available to common











shareholders plus assumed











conversions
$
6,470


17,850


$0.36

$
1,856


19,455


$0.10


(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 for all periods presented.

The weighted shares outstanding reflects the effect of the Company's Board-approved share repurchase programs. The Company repurchased 1,809,112 shares for $80.0 million for the three months ended May 4, 2019 as part of a $125.0 million share repurchase program approved by the Board of Directors in December 2018. With the completion of the $125.0 million share repurchase program, the Board of Directors approved a new $100.0 million share repurchase program in May 2019. Share repurchases of $0.9 million made on the last day of the first quarter of Fiscal 2020, which are included in the $80.0 million above, were made under the new $100.0 million share repurchase program. For the second quarter of Fiscal 2020 through June 12, 2019, the Company has repurchased 862,331 shares for $37.7 million, leaving $61.4 million remaining under its current $100.0 million share repurchase authorization. The Company did not repurchase any shares of common stock for the three months ended May 5, 2018.