Net Income Per Common Share

6 Months Ended

Aug. 02, 2014

Earnings Per Share [Abstract]

Net Income Per Common Share

(5) Net Income Per Common Share

Basic net income per share is calculated by dividing net income by the weighted average number of shares outstanding during the period. Diluted net income per share is calculated by dividing net income by the weighted average number of shares and, if dilutive, common equivalent shares for stock options, restricted stock awards and restricted stock units outstanding during the period. A reconciliation of the shares used in calculating basic and diluted net income per share is as follows:

	Three Months Ended				Six Months Ended
	August 2, 2014		August 3, 2013		August 2, 2014		August 3, 2013
Weighted Average Common Shares Outstanding—Basic		7,703,782		7,457,652		7,652,000		7,429,253
Effect of Dilutive Options, Restricted Stock Awards and Restricted Stock Units		212,176		197,332		230,706		187,565
Weighted Average Common Shares Outstanding—Diluted		7,915,958		7,654,984		7,882,706		7,616,818

For the three and six months ended August 2, 2014, the diluted per share amounts do not reflect 150,000 common equivalent shares outstanding because their effect would have been anti-dilutive. For the three and six months ended August 3, 2013, the diluted per share amounts do not reflect 173,300 common equivalent shares outstanding because their effect would have been anti-dilutive. These outstanding options were not included due to their anti-dilutive effect, as the exercise price was greater than the average market price of the underlying stock during the period presented.