Earnings Per Share

9 Months Ended

Oct. 26, 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				Nine Months Ended
(in thousands, except per share amounts)	October 26, 2014		October 27, 2013		October 26, 2014		October 27, 2013
Net income	$	17,623	$	12,453	$	43,388	$	46,342
Weighted average common shares outstanding - basic	67,162		67,792		67,223		67,454
Dilutive effect of options and restricted stock units	492		1,079		568		1,365
Weighted average common shares outstanding - diluted	67,654		68,871		67,791		68,819
Basic earnings per common share	$	0.26	$	0.18	$	0.65	$	0.69
Diluted earnings per common share	$	0.26	$	0.18	$	0.64	$	0.67
Anti-dilutive shares not included in the above calculations	1,951		598		1,710		456

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.