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Net Income Per Share
 9 Months Ended
Nov. 02, 2019
Earnings Per Share Basic [Abstract]  
Net Income Per Share

Note 2 - Net Income Per Share

The following tables set forth the computation of basic and diluted earnings per share as shown on the face of the accompanying Condensed Consolidated Statements of Income:

 

 

 

Thirteen Weeks Ended

 

 

 

November 2, 2019

 

 

November 3, 2018

 

 

 

 

 

 

 

(In thousands, except per share data)

 

 

 

 

 

Basic Earnings per Share:

 

Net

Income

 

 

Shares

 

 

Per Share

Amount

 

 

Net

Income

 

 

Shares

 

 

Per Share

Amount

 

Net income

 

$

13,726

 

 

 

 

 

 

 

 

 

 

$

12,046

 

 

 

 

 

 

 

 

 

Amount allocated to participating securities

 

 

(12

)

 

 

 

 

 

 

 

 

 

 

(44

)

 

 

 

 

 

 

 

 

Net income available for basic common shares and

   basic earnings per share

 

$

13,714

 

 

 

14,404

 

 

$

0.95

 

 

$

12,002

 

 

 

15,071

 

 

$

0.80

 

Diluted Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

13,726

 

 

 

 

 

 

 

 

 

 

$

12,046

 

 

 

 

 

 

 

 

 

Amount allocated to participating securities

 

 

(12

)

 

 

 

 

 

 

 

 

 

 

(44

)

 

 

 

 

 

 

 

 

Adjustment for dilutive potential common shares

 

 

0

 

 

 

152

 

 

 

 

 

 

 

2

 

 

 

741

 

 

 

 

 

Net income available for diluted common shares and

   diluted earnings per share

 

$

13,714

 

 

 

14,556

 

 

$

0.94

 

 

$

12,004

 

 

 

15,812

 

 

$

0.76

 

 

 

 

 

Thirty-nine Weeks Ended

 

 

 

November 2, 2019

 

 

November 3, 2018

 

 

 

 

 

 

 

(In thousands, except per share data)

 

 

 

 

 

Basic Earnings per Share:

 

Net

Income

 

 

Shares

 

 

Per Share

Amount

 

 

Net

Income

 

 

Shares

 

 

Per Share

Amount

 

Net income

 

$

39,431

 

 

 

 

 

 

 

 

 

 

$

36,776

 

 

 

 

 

 

 

 

 

Amount allocated to participating securities

 

 

(66

)

 

 

 

 

 

 

 

 

 

 

(152

)

 

 

 

 

 

 

 

 

Net income available for basic common shares and

   basic earnings per share

 

$

39,365

 

 

 

14,544

 

 

$

2.71

 

 

$

36,624

 

 

 

15,282

 

 

$

2.40

 

Diluted Earnings per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

39,431

 

 

 

 

 

 

 

 

 

 

$

36,776

 

 

 

 

 

 

 

 

 

Amount allocated to participating securities

 

 

(66

)

 

 

 

 

 

 

 

 

 

 

(152

)

 

 

 

 

 

 

 

 

Adjustment for dilutive potential common shares

 

 

1

 

 

 

282

 

 

 

 

 

 

 

2

 

 

 

262

 

 

 

 

 

Net income available for diluted common shares and

   diluted earnings per share

 

$

39,366

 

 

 

14,826

 

 

$

2.66

 

 

$

36,626

 

 

 

15,544

 

 

$

2.36

 

 

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 their participation rights in dividends and undistributed earnings or losses. Non-vested restricted stock awards that include non-forfeitable rights to dividends are considered participating securities. During periods of undistributed losses, however, no effect is given to our participating securities because they do not share in the losses. Per share amounts are computed by dividing net income available 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.