Net Income Per Share

6 Months Ended

Jul. 30, 2011

Net Income Per Share [Abstract]

Net Income Per Share

Note 2 - Net Income Per Share

The following table sets forth the computation of basic and diluted earnings per share as shown on the face of the accompanying condensed consolidated statements of income.

(In thousands except per share data)	Thirteen Weeks Ended July 30, 2011		Thirteen Weeks Ended July 31, 2010		Twenty-six Weeks Ended July 30, 2011		Twenty-six Weeks Ended July 31, 2010
Numerator
Net income	$	2,715	$	4,118	$	12,634	$	13,365
Less amount allocable to participating securities		52		0		297		0
Net income available for basic common shares		2,663		4,118		12,337		13,365
Adjustment for dilutive potential common shares		0		0		4		0
Net income available for diluted common shares	$	2,663	$	4,118	$	12,341	$	13,365
Denominator
Weighted average common shares – basic		13,005		12,720		12,939		12,704
Adjustment for dilutive potential common shares		138		178		135		183
Weighted average common shares – diluted		13,143		12,898		13,074		12,887
Net income per common share
Basic	$	0.20	$	0.32	$	0.95	$	1.05
Diluted	$	0.20	$	0.32	$	0.94	$	1.04

Our basic and diluted earnings per share are computed using the two-class method. The two-class method is an earnings allocation that determines net income per share for each class of common stock and participating securities according to participation rights in undistributed earnings. Non-vested stock awards that include non-forfeitable rights to dividends are considered participating securities. Per share amounts are computed by dividing net income attributable to common shareholders by the weighted average shares outstanding during each period. No options to purchase shares of common stock were excluded in the computation of diluted shares for the periods presented.