EARNINGS PER SHARE

12 Months Ended

Feb. 02, 2013

Earnings per Share [Abstract]

Earnings per Share

NOTE 3- EARNINGS PER SHARE

Basic earnings per share is computed using the weighted average number of common shares outstanding during the measurement period.  Diluted earnings per share is computed using the weighted average number of common shares as well as all potentially dilutive common share equivalents outstanding during the measurement period.

Under Accounting Standards Codification ("ASC") 260-10, Earnings Per Share, non-vested stock grants that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and are included in the calculation of basic and diluted earnings per share pursuant to the two-class method.  The two-class method determines earnings per share for each class of common stock and participating securities according to dividends or dividend equivalents and their respective participation rights in undistributed earnings.  Earnings per share has been calculated under the two-class method.

The following tables show the computation of basic and diluted earnings per share for each period (in thousands, except per share amounts):

	Fiscal Year
	2012			2011			2010
Basic EPS:
Net Income	$	38,179		$	30,960		$	37,640
Less: Allocation of earnings to participating securities		(541	)		(375	)
Net income allocated to common shares		37,638			30,585
Basic weighted average shares outstanding		31,278			33,021			37,656
Basic EPS	$	1.20		$	0.93		$	1.00
	Fiscal Year
		2012			2011			2010
Diluted EPS:
Net Income	$	38,179		$	30,960		$	37,640
Less: Allocation of earnings to participating securities		(537	)		(373	)
Net income allocated to common shares		37,642			30,587
Basic weighted average shares outstanding		31,278			33,021			37,656
Add: Dilutive effect of stock awards		322			257			354
Diluted weighted average shares outstanding		31,600			33,278			38,010
Diluted EPS	$	1.19		$	0.92		$	0.99

The following table illustrates the number of stock options and SARs that were outstanding, but not included in the computation of diluted earnings per share because the exercise price of the stock options and SARs was greater than the average market price of the Company's common shares (in thousands):

	Fiscal Year
		2012	2011	2010
Number of anti-dilutive stock options and SARs outstanding		329	1,910	2,746