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Earnings Per Share
 6 Months Ended
Aug. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic earnings per share attributable to The Finish Line, Inc. shareholders is calculated by dividing net income attributable to The Finish Line, Inc. associated with common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per share attributable to The Finish Line, Inc. shareholders assumes the issuance of additional shares of common stock by the Company upon exercise of all outstanding stock options and contingently issuable securities if the effect is dilutive, in accordance with the treasury stock method or two-class method (whichever is more dilutive) discussed in Accounting Standards Codification (“ASC”) 260-10, Earnings Per Share.
ASC 260-10 requires the inclusion of restricted stock as participating securities, since they have the right to share in dividends, if declared, equally with common shareholders. During periods of net income, participating securities are allocated a proportional share of net income attributable to The Finish Line, Inc. determined by dividing total weighted average participating securities by the sum of total weighted average common shares and participating securities (“the two-class method”). During periods of net loss, no effect is given to participating securities since they do not share in the losses of the Company. Participating securities have the effect of diluting both basic and diluted earnings per share during periods of net income.
The following is a reconciliation of the numerators and denominators used in computing earnings per share (in thousands, except per share amounts):
 
 
 
Thirteen Weeks Ended
 
Twenty-Six Weeks Ended
 
 
August 30, 2014
 
August 31, 2013
 
August 30, 2014
 
August 31, 2013
Net income attributable to The Finish Line, Inc.
 
$
26,157

 
$
26,507

 
$
38,592

 
$
31,582

Net income attributable to The Finish Line, Inc. attributable to participating securities
 
317

 
316

 
466

 
375

Net income attributable to The Finish Line, Inc. available to common shareholders
 
$
25,840

 
$
26,191

 
$
38,126

 
$
31,207

Basic earnings per share attributable to The Finish Line, Inc. shareholders:
 
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding
 
47,789

 
48,327

 
47,859

 
48,304

Basic earnings per share attributable to The Finish Line, Inc. shareholders
 
$
0.54

 
$
0.54

 
$
0.80

 
$
0.65

Diluted earnings per share attributable to The Finish Line, Inc. shareholders:
 
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding
 
47,789

 
48,327

 
47,859

 
48,304

Dilutive effect of potential common shares(a)
 
413

 
430

 
422

 
440

Diluted weighted-average number of common shares outstanding
 
48,202

 
48,757

 
48,281

 
48,744

Diluted earnings per share attributable to The Finish Line, Inc. shareholders
 
$
0.54

 
$
0.54

 
$
0.79

 
$
0.64

(a)
The computation of diluted earnings per share attributable to The Finish Line, Inc. shareholders excludes options to purchase approximately 0.7 million and 1.3 million shares of common stock in the thirteen weeks ended August 30, 2014 and August 31, 2013, respectively, and 0.6 million and 1.3 million shares of common stock in the twenty-six weeks ended August 30, 2014 and August 31, 2013, respectively, because the impact of such options would have been anti-dilutive.