XML 25 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share
 9 Months Ended
Nov. 03, 2018
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
In accordance with relevant accounting guidance, unvested share-based payment awards that include non-forfeitable rights to dividends, whether paid or unpaid, are considered participating securities. As a result, such awards are required to be included in the calculation of earnings per common share pursuant to the “two-class” method. For the Company, participating securities are comprised entirely of unvested restricted stock awards and PSUs that have met their relevant performance criteria.
Earnings per share (“EPS”) is determined using the two-class method when it is more dilutive than the treasury stock method. Basic EPS excludes dilution and is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period, including participating securities. Diluted EPS reflects the dilutive effect of potential common shares from non-participating securities such as stock options, PSUs and restricted stock units.
The following table sets forth the computation of basic and diluted EPS shown on the face of the accompanying condensed consolidated statements of income:
 
Thirteen Weeks Ended
 
Thirty-Nine Weeks Ended
 
November 3, 2018
 
October 28, 2017
 
November 3, 2018
 
October 28, 2017
Numerator
 
 
 
 
 
 
 
Net income
$
6,481

 
$
16,690

 
$
52,253

 
$
73,025

Net income and dividends declared allocated to participating securities
(182
)
 
(394
)
 
(1,365
)
 
(1,683
)
Net income available to common shareholders
$
6,299

 
$
16,296

 
$
50,888

 
$
71,342

Denominator
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
122,201

 
124,957

 
124,069

 
125,550

Dilutive effect of non-participating securities
72

 
32

 
51

 
41

Weighted average common and common equivalent shares outstanding – diluted
122,273

 
124,989

 
124,120

 
125,591

Net Income per Share:
 
 
 
 
 
 
 
Basic
$
0.05

 
$
0.13

 
$
0.41

 
$
0.57

Diluted
$
0.05

 
$
0.13

 
$
0.41

 
$
0.57


For the thirteen weeks ended November 3, 2018 and October 28, 2017, 0.2 million and 0.7 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.
For the thirty-nine weeks ended November 3, 2018 and October 28, 2017, 0.8 million and 0.7 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.