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Earnings Per Share
3 Months Ended
May 04, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

The Company computes and reports both basic earnings per share ("EPS") and diluted EPS. Basic EPS is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net earnings by the sum of the weighted average number of common shares and dilutive common stock equivalents outstanding during the period. Diluted EPS reflects the total potential dilution that could occur from outstanding equity plan awards, including unexercised stock options, and unvested shares of both performance and non-performance based awards of restricted stock and restricted stock units.

For the three month periods ended May 4, 2013 and April 28, 2012 approximately 1,800 and 4,000 weighted average shares, respectively, were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive in the period presented.

The following is a reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations:
 
Three Months Ended
Shares in (000s)
Basic EPS

 
Effect of
dilutive
common stock
equivalents

 
Diluted
EPS

May 4, 2013
 
 
 
 
 
Shares
215,408

 
3,088

 
218,496

Amount
$
1.09

 
$
(0.02
)
 
$
1.07

 
 
 
 
 
 
April 28, 2012
 
 
 
 
 
     Shares
221,104

 
3,825

 
224,929

     Amount
$
0.94

 
$
(0.01
)
 
$
0.93