Net Income Per Share

3 Months Ended

May 02, 2015

Notes to Financial Statements [Abstract]

Net Income Per Share

Earnings Per Share

The following tables present a reconciliation of basic and diluted earnings per share for the quarters ended May 2, 2015 and May 3, 2014:

	Quarter Ended
	May 2, 2015					May 3, 2014
	(in thousands, except per share amounts)
Basic Earnings per Share:	Net Income		Shares	Per Share Amount		Net Income		Shares	Per Share Amount
Net income	$	13,552				$	5,183
Less net income associated with participating securities	258					102
Basic earnings per share	$	13,294	44,974	$	0.30	$	5,081	45,578	$	0.11
Diluted Earnings per Share:
Net income	$	13,552				$	5,183
Less net income associated with participating securities	256					101
Effect of dilutive securities			409					465
Diluted earnings per share	$	13,296	45,383	$	0.29	$	5,082	46,043	$	0.11

For the quarters ended May 2, 2015 and May 3, 2014, non-participating securities (stock options) representing 71,200 and 24,000 shares of common stock, respectively, were excluded from the computation of weighted average shares for diluted earnings per share due to their antidilutive effect, since their exercise prices exceeded the average market price of the common shares during those periods.