XML 64 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings per Share
 6 Months Ended
Aug. 03, 2013
Earnings Per Share [Abstract]  
Earnings per Share
5.            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):
 
Thirteen Weeks Ended
 
Twenty-Six Weeks Ended
 
August 3, 2013
 
July 28, 2012
 
August 3, 2013
 
July 28, 2012
Basic EPS:
 
 
 
 
 
 
 
Net income
$
9,607

 
$
11,662

 
$
2,751

 
$
11,244

Less: Allocation of earnings to participating securities
(137
)
 
(173
)
 
(41
)
 
(151
)
Net income allocated to common shares
9,470

 
11,489

 
2,710

 
11,093

 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
32,762

 
31,010

 
32,534

 
30,773

Basic EPS
$
0.29

 
$
0.37

 
$
0.08

 
$
0.36

 
 
 
 
 
 
 
 
 
Thirteen Weeks Ended
 
Twenty-Six Weeks Ended
 
August 3, 2013
 
July 28, 2012
 
August 3, 2013
 
July 28, 2012
Diluted EPS:
 

 
 

 
 
 
 
Net income
$
9,607

 
$
11,662

 
$
2,751

 
$
11,244

Less: Allocation of earnings to participating securities
(136
)
 
(172
)
 
(42
)
 
(150
)
Net income allocated to common shares
9,471

 
11,490

 
2,709

 
11,094

 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
32,762

 
31,010

 
32,534

 
30,773

Add: Dilutive effect of stock awards
311

 
215

 
374

 
215

Diluted weighted average shares outstanding
33,073

 
31,225

 
32,908

 
30,988

Diluted EPS
$
0.29

 
$
0.37

 
$
0.08

 
$
0.36


 
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):
 
Thirteen Weeks Ended
 
Twenty-Six Weeks Ended
 
August 3, 2013
 
July 28, 2012
 
August 3, 2013
 
July 28, 2012
Number of anti-dilutive stock options and SARs outstanding
115

 
1,341

 
93

 
1,472