Earnings Per Share

9 Months Ended

Oct. 31, 2015

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 and nine month periods ended October 31, 2015, approximately 28,400 and 8,600 weighted average shares, respectively, were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive for those periods presented. For the three and nine month periods ended November 1, 2014, approximately 3,700 and 11,500 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							Nine Months Ended
Shares in (000s)	Basic EPS		Effect of dilutive common stock equivalents			Diluted EPS		Basic EPS		Effect of dilutive common stock equivalents			Diluted EPS
October 31, 2015
Shares	401,494		3,010			404,504		404,636		3,252			407,888
Amount	$	0.54	$	(0.01	)	$	0.53	$	1.87	$	(0.02	)	$	1.85

November 1, 2014
Shares	411,732		4,197			415,929		414,920		4,563			419,483
Amount	$	0.47	$	(0.01	)	$	0.46	$	1.63	$	(0.02	)	$	1.61