Net Earnings Per Share

12 Months Ended

Jan. 28, 2017

NET EARNINGS PER SHARE:

The following table sets forth the computation of basic and diluted EPS shown on the face of the accompanying consolidated statements of income (in thousands, except per share amounts):



	January 28, 2017			January 30, 2016		January 31, 2015

Numerator
Net income	$	91,229		$	1,946	$	64,641
Net income and dividends declared allocated to participating securities	(1,915		)	—		(1,697		)
Net income available to common shareholders	$	89,314		$	1,946	$	62,944
Denominator
Weighted average common shares outstanding – basic	128,995			138,366		148,622
Dilutive effect of non-participating securities	242			375		504
Weighted average common and common equivalent shares outstanding – diluted	129,237			138,741		149,126
Net income per common share:
Basic	$	0.69		$	0.01	$	0.42
Diluted	$	0.69		$	0.01	$	0.42

In fiscal 2016, 2015 and 2014, 0.7 million, 0.3 million and 0.6 million potential shares of common stock, respectively, were excluded from the diluted per share calculation relating to non-participating securities, because the effect of including these potential shares was antidilutive.