Earnings Per Share

3 Months Ended

Apr. 27, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per Share

The computation of basic and diluted earnings per common share is as follows:

	Three Months Ended
(in thousands, except per share amounts)	April 27, 2014		April 28, 2013
Net income	$	7,867	$	14,777
Weighted average common shares outstanding - basic	67,300		66,956
Dilutive effect of employee equity incentive plans	670		1,623
Weighted average common shares outstanding - diluted	67,970		68,579
Basic earnings per common share	$	0.12	$	0.22
Diluted earnings per common share	$	0.12	$	0.22
Anti-dilutive shares not included in the above calculations	1,662		318

Basic earnings per common share is computed by dividing income available to common stockholders by the weighted-average number of shares of common stock outstanding during the reporting period. Diluted earnings per common share incorporates the incremental shares issuable, calculated using the treasury stock method, upon the assumed exercise of stock options and the vesting of restricted stock.