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Earnings Per Share
 3 Months Ended
May 03, 2014
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 3, 2014 and May 4, 2013 approximately 127,000 and 1,800 weighted average shares, respectively, were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive for those periods 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 3, 2014
 
 
 
 
 
Shares
208,949

 
2,566

 
211,515

Amount
$
1.17

 
$
(0.02
)
 
$
1.15

 
 
 
 
 
 
May 4, 2013
 
 
 
 
 
     Shares
215,408

 
3,088

 
218,496

     Amount
$
1.09

 
$
(0.02
)
 
$
1.07