Earnings Per Share

3 Months Ended

Apr. 30, 2011

Notes to Financial Statements [Abstract]

Earnings Per Share

7.           Earnings Per Share

Basic earnings per share represents net earnings divided by the weighted-average number of common shares outstanding for the period.  Diluted earnings per share represents net earnings divided by the weighted-average number of shares outstanding, inclusive of the dilutive impact of common equivalent shares outstanding during the period using the treasury stock method.  The following table sets forth the weighted average common shares outstanding (in thousands):

	Thirteen Weeks Ended
	April 30,		May 1,
	2011		2010
Weighted-average shares used in basic computations		27,446		28,749
Dilutive equity awards		527		615
Weighted-average shares used in diluted computations		27,973		29,364

For the thirteen weeks ended April 30, 2011, no options were excluded from the computation of diluted weighted-average common shares and common share equivalents outstanding because of an anti-dilutive effect.  For the thirteen weeks ended May 1, 2010, options for 118,751 of our shares were outstanding but were excluded from the computation of diluted weighted-average common shares and common share equivalents outstanding because their effect would have been anti-dilutive.

We also excluded 137,800 nonvested stock awards granted to certain employees from the computation of diluted weighted-average common shares and common share equivalents outstanding, because they are subject to certain performance-based annual vesting conditions which had not been achieved by the end of the thirteen weeks ended April 30, 2011.  Assuming the performance-criteria had been achieved as of April 30, 2011, the incremental dilutive impact would have been 48,195 shares.